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1423 N 62ND Place, Mesa, AZ 85205

5 beds • 3 baths • 2545 sqft

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This property looks like a bad Long-Term investment with a projected -6.51% first-year return on $105k initial cash invested.

-6.51%

Cash On Cash

5.15%

Cap Rate

0.84

DSCR

$3,130

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,130 income − $3,700 expenses = $570 out of pocket

Income$3,130Out of Pocket$570Mortgage P&I$2,56182%Property Taxes$1515%Insurance$1756%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%

Investment Breakdown

|

Purchase Price

$500k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$100,000

Closing costs

1%

$5,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,130

Total Expenses

$3,700

Mortgage P&I

82%

$2,561

Property Taxes

5%

$151

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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