real estate investment analysis...real estate investment analysis january 17, 2020 1675 e prince rd...
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Real Estate Investment Analysis
January 17, 2020
1675 E Prince RdTucson AZ 85719
Duplex
SJ Fowler Real estate1661 N Swan Road #122Tucson AZ 85712
David [email protected]
Property PhotosDuplex, 1675 E Prince Rd
Main Property Photo
Property PhotosDuplex, 1675 E Prince Rd
Property PhotosDuplex, 1675 E Prince Rd
Property Summary
1675 E Prince RdTucson AZ 85719Duplex
Operating Statement Gross Scheduled Income $25,740.00- Vacancy Loss $900.90= Gross Effective Income $24,839.10+ Other Income $0.00= Gross Operating Income $24,839.10- Total Operating Expenses $5,442.00= Net Operating Income (NOI) $19,397.10
Financial Statistics Occupancy Percent 96.5%Vacancy Percent 3.5%Monthly Income Per Unit $1,072.50Monthly Income Per Sq Ft $0.99Annual Expenses Per Unit $2,721.00Annual Expenses per Sq Ft $2.50Gross Rent Multiplier 11.23Cap Rate 6.71%
Property Data Purchase Price $289,000.00Number of Units 2Number Occupied 2Number VacantPrice Per Unit $144,500.00Rentable Sq Ft 2,174Price Per Sq Ft $132.93Taxes $1,842.00Insurance $900.00
Year Built 1975Land Area .21 acreBuildings 1Stories 1Electric Meters 2Gas Meters 2Parking Spaces 4Roof Built upZoning R-3
Amenities and FeaturesDuplex with an excellent location at the end of a private road close to the intersection of Prince andCampbell. Ideal for an owner occupant or airbnb with all furnishings in the owners unit available forpurchase. Large 3/2 unit 1224 sqft and a 2/1 unit 950 sqft. Very well maintained by the owneroccupant. Both units have covered patios, W&D hook ups, ceramic tile through out, central AC andremodeled kitchens and baths. The 3/2 back unit has a large private fenced yard and huge masterbedroom.. Front 2/1 unit is occupied by a tenant for over eight years with the back 3/2 unit occupiedthe owner. Owner will vacate at closing. Numbers herein are proforma based on market rents in theimmediate area
Prepared ByDavid Walsh, SJ Fowler Real estate, 1661 N Swan Road #122, Tucson AZ 85712, 520-591-1736, [email protected] This report has been prepared based on information furnished by sources deemed reliable, however no representation orwarranty, either express or implied, is made to its accuracy.
Annual Property Operating DataYear 1
1675 E Prince RdTucson AZ 85719Duplex
Annual IncomeGross Scheduled Income $25,740.00- Vacancy $900.90= Effective Rental Income $24,839.10+ Other Income $0.00= Gross Operating Income $24,839.10
Annual Operating ExpensesTaxes $1,842.00+ Insurance $900.00+ Property Management $0.00+ Maintenance & Repair $1,200.00+ Utilities $1,500.00+ Services $0.00+ Other Expenses $0.00= Annual Operating Expenses $5,442.00
Net Operating IncomeGross Operating Income $24,839.10- Annual Operating Expenses $5,442.00= Net Operating Income $19,397.10
Annual Debt Service1st Mortgage Principal and Interest $0.00
Annual Cash Flow Before TaxNet Operating Income $19,397.10- Annual Debt Service $0.00- Capital Additions $0.00= Cash Flow Before Tax $19,397.10
Initial InvestmentPurchase Price $289,000.00
Down Payment $0.00+ Closing Costs $0.00+ Loan Points $0.00+ Other Costs $0.00= Total Investment $0.00
Proposed FinancingPurchase Price $289,000.001st Mortgage $0.00 P o i n t s 0.0 Interest Rate 0.000% Amortized Over 0.0 years Term (Due Date) 0.0 years
IndicatorsCap Rate 6.71%Gross Rent Multiplier 11.23Cash on Cash 0.00%Debt Coverage Ratio 0.00Modified DCR 0.00Default Ratio (Break Even) 21.91Return on Gross Equity 6.71%
Prepared ByDavid Walsh, SJ Fowler Real estate, 1661 N Swan Road #122, Tucson AZ 85712, 520-591-1736, [email protected] This report has been prepared based on information furnished by sources deemed reliable, however no representation orwarranty, either express or implied, is made to its accuracy.
Rent Roll at Month 1 Showing Monthly Numbers
1675 E Prince RdTucson AZ 85719Duplex
Rent Roll Summary Total Units 2Vacant UnitsOccupied Units 2
Possible Rent $25,740.00- Vacancy Rent $900.90= Occupied Rent $24,839.10
Occupied 96.5%Vacant 3.5%
Row Unit # Unit Type # of Type Beds Baths Sq Ft Rent/Unit Rent/SqFt1 Apartment 1 3 2.00 1,224 $1,250.00 $1.022 Apartment 1 2 1.00 950 $895.00 $0.94
Prepared ByDavid Walsh, SJ Fowler Real estate, 1661 N Swan Road #122, Tucson AZ 85712, 520-591-1736, [email protected] This report has been prepared based on information furnished by sources deemed reliable, however no representation orwarranty, either express or implied, is made to its accuracy.