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Updated over 4 years ago,
Arizona HouseHack Property Analysis - 4 Square Method
I'm new to analyzing deals and hopefully you could take a look to see if the numbers make sense. Thank you so much in advance!
3714 W GLENDALE Ave Phoenix, AZ 85051
Link - https://www.redfin.com/AZ/Phoenix/3714-W-Glendale-Ave-85051/home/26959573
Asking Price - $319,000 5 Bed / 3 Bath Sqft - 2,449 Built - 1961 Lot Size: 6,460 Sq. Ft
Income
Rent/ Room - $846/month ( Rentometer average)
Rental Income - $3,384/month (Rent 4/5 bedrooms)
Total monthly income: $3,384/month
Expenses (monthly)
Property Taxes - $170 (Smart asset)
Insurance - (Mortgage + Homeowners) - $151 + $67 = $218
Utilities
Electric - $200
Water - $50
Sewer - $50
Garbage - $20
Gas - $225
HOA - 0
Lawn Care - $25
Vacancy - $254 - (6% rental income)
Repairs - $100
CapEx - $100
Property Management - $423 (10% rent)
Mortgage - $1,432 ( Principal + Interest) of [$319,000 at 3.5% and 30 year fixed]
Total Monthly Expenses: $3,267/month
Cashflow
Income - $3,384
Expenses - $3,267
Total Monthly Cashflow: $117
Cash on Cash ROI
Down Payment - $11,165 (3.5% FHA)
Closing Costs - $3,190 (1% for escrow + title company)
Repairs - $7,000
Total Investment: $21,355
Annual CoC ROI
$117/ $21,355 = 0.548%