Post on 27-Feb-2020
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 Walsh520-591-1736dw.sjfowler@gmail.com
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, dw.sjfowler@gmail.com 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, dw.sjfowler@gmail.com 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, dw.sjfowler@gmail.com 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.