Property Information

IN ESCROW
MJ- 2/1 in Phoenix
1820 N 37th Ave , Phoenix, AZ 85009
Phoenix, AZ 85009
2/1, 1946 property in Phoenix, AZ
Square Feet529
Initial Market Value$57,500
Purchase Price$57,500
Downpayment$14,375
Loan Origination Fees$0
Depreciable Closing Costs$1,725
Other Closing Costs and Fixup$0
Initial Cash Invested$16,100
Cost per Square Foot$109
Monthly Rent per Square Foot$1.23
IncomeMonthlyAnnual
Gross Rent$650$7,800
Vacancy Losses($7)($78)
Operating Income$644$7,722
ExpensesMonthlyAnnual
Property Taxes($24)($288)
Insurance($14)($173)
Management Fees($75)($900)
Leasing/Advertising Fees$0$0
Association Fees$0$0
Maintenance$0$0
Other$0$0
Operating Expenses($113)($1,360)
Net PerformanceMonthlyAnnual
Net Operating Income$530$6,362
- Mortgage Payments($225)($2,700)
= Cash Flow$305$3,662
+ Principal Reduction$55$665
+ First-Year Appreciation$240$2,875
= Gross Equity Income$600$7,203
+ Tax Savings$0$0
= GEI w/Tax Savings$600$7,203
Mortgage InfoFirstSecond
Loan-to-Value Ratio75%0%
Loan Amount$43,125$0
Monthly Payment$224.96$0.00
Loan TypeAmortizing Fixed
Term30 Years
Interest Rate4.750%0.000%
Monthly PMI$0
Financial Indicators
Debt Coverage Ratio2.36
Annual Gross Rent Multiplier7
Monthly Gross Rent Multiplier88
Capitalization Rate11.1%
Cash on Cash Return23%
Total Return on Investment45%
Total ROI with Tax Savings45%
Assumptions
Real Estate Appreciation Rate5%
Vacancy Rate1%
Management Fee$75
Maintenance Percentage0%
Comments
New flooring. New paint
*Information is not guaranteed and investors should do their own research, get professional advice and conduct due diligence prior to investing.