Updated over 10 years ago on . Most recent reply
Four plex
Hello BP,
I'm starting analyzing a 4 plex in Mesa AZ with HOA. What do you think about a four plex with HOA?
- Parking Information
- # of Parking Spaces (Total): 8.00
- # of Parking Spaces (Covered): 4
- # of Parking Spaces (Uncovered): 4
- Additional Parking, Paved Parking, Carport
- School Information
- Elementary School District: 004 - Mesa Unified District
- High School District: 004 - Mesa Unified District
- Utility Information
- APS Electric
- No Gas
- City Water Franchise
- Sewer (Public)
- Financial Information
- Annual Electric Expense: $79.24
- Annual Maintenance Expense: $2,097.92
- Annual Management Expense: $1,786.10
- Annual Trash Expense: $385
- Annual Water/Sewer Expense: $1,731.01
- Owner Association
- Annual Owner Association Fee: $3,600
- Gross Annual Scheduled Income: $250,000
- Adjusted Gross Income: $245,000
- Vacancy Allowance: 0.02
- Total Month Rental Income: $2,040
- Net Operating Income: $13,279.27
- Cap Rate: 7.18
- Equity: $185,000
- Existing 1st Loan: Conventional
- Existing 1st Loan Type: Fixed
- Existing 1st Loan Type: Non Assumable
- Existing 2nd Loan: Other (See Remarks)
- Existing 3rd Loan: Other (See Remarks)
- New Financing: Conventional, FHA
- Taxes: $1,147
- Tax Year: 2014