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Contact:Randy ErwinPhone : 602-418-1116Email : randy.erwin@century21.com
Multi-familyInvestment - 6Units5020 N 21st AvePhoenix, AZ 85015
©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.
TABLE OF CONTENTSTABLE OF CONTENTS
Page 1
PROPERTY INFO & DISCLAIMER
PROPERTY DESCRIPTION
PROPERTY PHOTOS
INVESTMENT ANALYSIS - 5 YEAR BEFORE TAX
AERIAL & LOCATION REPORT
2
3
4
5
14
©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.
MULTI-FAMILYINVESTMENT - 6UNITS
PROPERTYINFO:
PURCHASE PRICE:$349,000
PROPERTY ADDRESS:5020 N 21ST AVEPHOENIX, AZ 85015
YEAR BUILT:
PROPERTY SIZE3,290 SQ. FT.
LAND SIZE0.56 ACRES
Page 2COMPANY DISCLAIMER©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.
PROPERTY DESCRIPTIONPROPERTY DESCRIPTIONSolid multi-family value-add investment opportunity with 6 units in 2 building onover a half acre parcel. 100% occupancy with stable tenants. Under market rentalrates. Month to month tenants allows new owner to sign new leases at market rates.
Three units in the West building are on separate electric meters.Three units in the East building share one meter and the owner pays electric.Owner pays water, sewer and trash.
Convenient to shopping, Grand Canyon University and public transportation.
Multi-family Investment - 6 UnitsPhoenix AZ 85015
Page 3©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.
PROPERTY PHOTOSPROPERTY PHOTOS
Page 4©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.
Loan AmountLoan Amount $261,750
Interest RateInterest Rate 5.500%
Amortization PeriodAmortization Period 25 Years
Periodic PaymentPeriodic Payment $1,607
Annual Debt ServiceAnnual Debt Service $19,288
MORTGAGE DATAMORTGAGE DATA 1ST LIEN1ST LIEN
For the Year EndingFor the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
POTENTIAL RENTAL INCOME (PRI)POTENTIAL RENTAL INCOME (PRI)
Base Rental IncomeBase Rental Income $39,897 $41,043 $42,274 $43,542 $44,849
- Turnover Vacancy- Turnover Vacancy $1,700 $0 $0 $0 $0
- Rent Concessions- Rent Concessions $0 $0 $0 $0 $0
Total Base Rental IncomeTotal Base Rental Income $38,198 $41,043 $42,274 $43,542 $44,849
-General Vacancy / Credit Loss-General Vacancy / Credit Loss $6,112 $6,567 $6,764 $6,967 $7,176
EFFECTIVE RENTAL INCOMEEFFECTIVE RENTAL INCOME $33,785 $33,785 $34,476 $34,476 $35,510 $35,510 $36,575 $36,575 $37,673 $37,673
+ Tenant Expense Reimbursements+ Tenant Expense Reimbursements $0 $0 $0 $0 $0
+Other Income+Other Income $0 $0 $0 $0 $0
GROSS OPERATING INCOME (GOI)GROSS OPERATING INCOME (GOI) $33,785 $33,785 $34,476 $34,476 $35,510 $35,510 $36,575 $36,575 $37,673 $37,673
-Operating Expenses-Operating Expenses $12,701 $12,701 $12,701 $12,701 $12,701
NET OPERATING INCOME (NOI)NET OPERATING INCOME (NOI) $21,084 $21,084 $21,775 $21,775 $22,809 $22,809 $23,874 $23,874 $24,972 $24,972
NET OPERATING INCOME (NOI)NET OPERATING INCOME (NOI) $21,084 $21,775 $22,809 $23,874 $24,972
-Annual Debt Service 1st Lien-Annual Debt Service 1st Lien $19,288 $19,288 $19,288 $19,288 $19,288
CASH FLOW BEFORE TAXESCASH FLOW BEFORE TAXES $1,796 $1,796 $2,487 $2,487 $3,521 $3,521 $4,586 $4,586 $5,684 $5,684
Projected Sales Price (EOY 5)Projected Sales Price (EOY 5) $0 $0
Cost of SaleCost of Sale $0
Mortgage Balance 1st LienMortgage Balance 1st Lien $233,668
Sales Proceeds Before TaxSales Proceeds Before Tax ($233,668) ($233,668)
SALES PROCEEDSSALES PROCEEDS
Purchase PricePurchase Price $349,000
+Acquisition Costs+Acquisition Costs $6,980
-Mortgage(s)-Mortgage(s) $261,750
+Loan Fees & Points+Loan Fees & Points $2,618
Initial InvestmentInitial Investment $96,848
INITIAL INVESTMENTINITIAL INVESTMENT
Loan BalanceLoan Balance $256,733 $251,432 $245,833 $239,917 $233,668
Loan-to-Value (LTV) - 1st LienLoan-to-Value (LTV) - 1st Lien 0% 0% 0% 0% 0%
Debt Service Coverage RatioDebt Service Coverage Ratio 1.09 1.13 1.18 1.24 1.29
Before Tax Cash on CashBefore Tax Cash on Cash 1.85% 2.57% 3.64% 4.73% 5.87%
Internal Rate of Return (IRR)Internal Rate of Return (IRR) N/A
Acquisition CAP RateAcquisition CAP Rate 6.04%
Year 1 Cash-on-CashYear 1 Cash-on-Cash 1.85%
Gross Rent MultiplierGross Rent Multiplier 8.75
Loan to ValueLoan to Value 71.23%
Debt Service Coverage RatioDebt Service Coverage Ratio 1.09
INVESTMENT PERFORMANCEINVESTMENT PERFORMANCE
CASH FLOWCASH FLOW
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 850155-YEAR CASH FLOW ANALYSIS
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
Suite/UnitSuite/Unit TenantTenantRentableRentable
Area(Sq. Ft.)Area(Sq. Ft.)
LeaseLease
Start DateStart Date
LeaseLease
End DateEnd Date
Initial LeaseInitial Lease
TermTerm
(Months)(Months)
CurrentCurrent
MonthlyMonthly
Rate PerRate Per
Sq. Ft.Sq. Ft.
CurrentCurrent
AnnualAnnual
Rate PerRate Per
Sq. Ft.Sq. Ft.
Current YearCurrent Year
AnnualAnnual
Base RentBase Rent
1 2 Bed / 1 Bath 640 Jan-19 Dec-19 12 $0.90 $10.78 $6,952
2 1 Bed / 1 Bath 450 Jan-19 Dec-19 12 $1.11 $13.33 $6,045
3 2 Bed / 2 Bath 650 Jan-19 Dec-19 12 $0.88 $10.62 $6,952
4 1 Bed / 1 Bath 450 Jan-19 Dec-19 12 $1.22 $14.67 $6,650
5 1 Bed / 1 Bath 600 Jan-19 Dec-19 12 $0.92 $11.00 $6,650
6 1 Bed / 1 Bath 500 Jan-19 Dec-19 12 $1.10 $13.20 $6,649
Total Amount 3,290 $39,897
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 85015TENANT RENT ROLL
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
Tenant Occupancy
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 85015TENANT RENT ROLL
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
For the Year Ending For the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
1 1 2 Bed / 1 Bath
Base Rent $6,952 $7,151 $7,366 $7,587 $7,815
- Turnover Vacancy $296 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Net Tenant Income $6,656 $7,151 $7,366 $7,587 $7,815
For the Year Ending For the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
2 2 1 Bed / 1 Bath
Base Rent $6,045 $6,219 $6,405 $6,597 $6,795
- Turnover Vacancy $258 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Net Tenant Income $5,788 $6,219 $6,405 $6,597 $6,795
For the Year Ending For the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
3 3 2 Bed / 2 Bath
Base Rent $6,952 $7,151 $7,366 $7,587 $7,815
- Turnover Vacancy $296 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Net Tenant Income $6,656 $7,151 $7,366 $7,587 $7,815
For the Year Ending For the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
4 4 1 Bed / 1 Bath
Base Rent $6,650 $6,840 $7,046 $7,257 $7,475
- Turnover Vacancy $283 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Net Tenant Income $6,366 $6,840 $7,046 $7,257 $7,475
For the Year Ending For the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
5 5 1 Bed / 1 Bath
Base Rent $6,650 $6,840 $7,046 $7,257 $7,475
- Turnover Vacancy $283 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Net Tenant Income $6,366 $6,840 $7,046 $7,257 $7,475
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 85015ANNUAL TENANT INCOME DETAIL
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
For the Year Ending For the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
6 6 1 Bed / 1 Bath
Base Rent $6,649 $6,840 $7,046 $7,257 $7,475
- Turnover Vacancy $283 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Net Tenant Income $6,366 $6,840 $7,046 $7,257 $7,475
TOTAL TOTAL Base Rent $39,897 $41,043 $42,274 $43,542 $44,849
- Turnover Vacancy $1,700 $0 $0 $0 $0
- Rent Concessions $0 $0 $0 $0 $0
+ Tenant Exp Reimb. $0 $0 $0 $0 $0
Total Tenant IncomeTotal Tenant Income $38,198 $41,043 $42,274 $43,542 $44,849
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 85015ANNUAL TENANT INCOME DETAIL
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
Real Estate TaxesReal Estate Taxes $1,701 $1,701 $1,701 $1,701 $1,701
Repairs And MaintenanceRepairs And Maintenance $500 $500 $500 $500 $500
Electric For Units 4,5,6 (average)Electric For Units 4,5,6 (average) $4,800 $4,800 $4,800 $4,800 $4,800
Utilities : Water & SewerUtilities : Water & Sewer $5,100 $5,100 $5,100 $5,100 $5,100
Utilities : Natural GasUtilities : Natural Gas $600 $600 $600 $600 $600
TOTAL OPERATING EXPENSESTOTAL OPERATING EXPENSES $12,701 $12,701 $12,701 $12,701 $12,701 $12,701 $12,701 $12,701 $12,701 $12,701
NET OPERATING INCOME (NOI)NET OPERATING INCOME (NOI) $21,084 $21,084 $21,775 $21,775 $22,809 $22,809 $23,874 $23,874 $24,972 $24,972
For the Year EndingFor the Year EndingYear 1Year 1
Mar-2020Mar-2020
Year 2Year 2
Mar-2021Mar-2021
Year 3Year 3
Mar-2022Mar-2022
Year 4Year 4
Mar-2023Mar-2023
Year 5Year 5
Mar-2024Mar-2024
POTENTIAL RENTAL INCOME (PRI)POTENTIAL RENTAL INCOME (PRI)
Base Rental IncomeBase Rental Income $39,897 $41,043 $42,274 $43,542 $44,849
- Turnover Vacancy- Turnover Vacancy $1,700 $0 $0 $0 $0
- Rent Concessions- Rent Concessions $0 $0 $0 $0 $0
Total Base Rental IncomeTotal Base Rental Income $38,198 $41,043 $42,274 $43,542 $44,849
- General - General Vacancy / Credit LossVacancy / Credit Loss $6,112 $6,567 $6,764 $6,967 $7,176
EFFECTIVE RENTAL INCOME (ERI)EFFECTIVE RENTAL INCOME (ERI) $33,785 $33,785 $34,476 $34,476 $35,510 $35,510 $36,575 $36,575 $37,673 $37,673
+ Tenant Expense Reimbursements+ Tenant Expense Reimbursements $0 $0 $0 $0 $0
+ + Other IncomeOther Income $0 $0 $0 $0 $0
GROSS OPERATING INCOME (GOI)GROSS OPERATING INCOME (GOI) $33,785 $33,785 $34,476 $34,476 $35,510 $35,510 $36,575 $36,575 $37,673 $37,673
INCOMEINCOME
EXPENSE DETAILEXPENSE DETAIL
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 85015EXPENSE DETAIL ANALYSIS
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
Purchase PricePurchase Price $349,000
Year 1 Potential IncomeYear 1 Potential Income $39,897
Vacancy & Credit LossVacancy & Credit Loss 16.00%
Year 1 ExpensesYear 1 Expenses $12,701
Acquisition CAP RateAcquisition CAP Rate 6.04%
Sale Price - CAP RateSale Price - CAP Rate 349,000.00%
Acquisition CostsAcquisition Costs 2.00%
Annual Income IncreaseAnnual Income Increase 0.00%
Other Income IncreaseOther Income Increase 3.00%
Annual Expense IncreaseAnnual Expense Increase N/A
Loan Fees & PointsLoan Fees & Points 1.00%
Cost of Sale upon DispositionCost of Sale upon Disposition 5.00%
ASSUMPTION / INPUTSASSUMPTION / INPUTS
5-YEAR EQUITY YIELD & EFFECTIVE LOAN RATE5-YEAR EQUITY YIELD & EFFECTIVE LOAN RATE
Unleveraged InvestmentUnleveraged Investment
Cash Flow & 5-year YieldCash Flow & 5-year Yield
N $
0 ($355,980)
1 $21,084
2 $21,775
3 $22,809
4 $23,874
5 $24,972
+
Financing Cash FlowFinancing Cash Flow
& Effective Rate& Effective Rate
N $
0 $259,132
1 ($19,288)
2 ($19,288)
3 ($19,288)
4 ($19,288)
5 ($252,957)
=
Equity InvestmentEquity Investment
Cash Flow & 5-year YieldCash Flow & 5-year Yield
N $
0 ($96,848)
1 $1,796
2 $2,487
3 $3,521
4 $4,586
5 ($227,985)
Property IRR/Yield Property IRR/Yield = N/A= N/A Effective Loan Rate = 5.69%Effective Loan Rate = 5.69% Equity IRR/Yield = N/AEquity IRR/Yield = N/A
Neutral Leverage - The Equity Yield Remained the SAME with LeverageNeutral Leverage - The Equity Yield Remained the SAME with Leverage
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 850155-YEAR CASH FLOW ANALYSIS
Fiscal Year Beginning April 2019
DISCLAIMER: Year 5 sales price based on estimated NOI in year 6. All information is based on estimated forecast and are intended for thepurpose of example projections and analysis. The information presented herein is provided as is, without warranty of any kind. Century21
Commercial nor CRE Tech, Inc. assume any liability for errors or omissions. This information is not intended to replace or serve as substitutefor any legal, investment, real estate or other professional advice, consultation or service.
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
Multi-family Investment - 6 Units5020 N 21st Ave, Phoenix, AZ, 85015
MULTI-FAMILY INVESTMENT - 6 UNITS5020 N 21st Ave, Phoenix, AZ, 85015AERIAL ANNOTATION MAP
© Copyright 2011- 2019 CRE Tech, Inc. All Rights Reserved.
Randy ErwinCentury21 CommercialPhone: 602-418-1116Email: randy.erwin@century21.com9040 W Glendale Ave, Glendale AZ 85305
602-418-1116
randy.erwin@century21.com
9040 W Glendale Ave, Glendale, AZ, 85305
CENTURY21 COMMERCIALRANDY ERWIN
©Copyright 2011-2019 CRE Tech, Inc. All Rights Reserved.
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