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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $228.24
- 4 Days on Market
- MLS # : 6168297
- Updated Date : 12/11/2020 at 10:54
CONSTRUCTION
- Beds : 3
- Floor Size : 2,015 sqft
- Baths : 2 full
Listing Agent
Anglin Properties Llc
Listing Agent's Description
This house is the home that dreams are made of, and is perfect for entertaining, in one of the most desired communities in Arizona, Eastmark. Walk in the front door, you enter a large entryway with 10' ceilings. The great room offers a beautiful brick fireplace, upgraded wood laminate flooring throughout the main areas, and upgraded white cabinets. The chef's kitchen, complete with stainless steel appliances, composite farmhouse sink, double oven, electric cooktop range, and pot filler. Large master bedroom, walk in closet is complimented by the master bathroom, that includes walk-in atrium shower, jacuzzi tub, separate sinks, and a vanity. Low maintenance back yard with artificial turf and fire pit.
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,697 |
| Property Tax | -$426 | |
| Property Insurance | -$66 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$508
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$459,900
PROJECTED PRICE
$1,880
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$127,624
LOAN DETAILS
$1,697
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,975 |
| Loan Amount | $344,925 |
0.67
YEARS SAVED
$1,234
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,934
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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10206 E Palladium Drive Mesa, AZ 1
- 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,015 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,880
- $0.93
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9966 E Wavelength Avenue Mesa, AZ 2
- 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2019
LEASED 04/11/20- Rent
- Rent Per SQFT
- $2,050
- $0.96
-
10631 E Wavelength Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,137 Sqft ∙ Built 2018
LEASED 12/04/20- Rent
- Rent Per SQFT
- $2,050
- $0.96
-
10142 E Sphere Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2019
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,100
- $0.96
-
10158 E Theorem Drive Mesa, AZ 5
- 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016
LEASED 07/18/20- Rent
- Rent Per SQFT
- $2,195
- $0.96
PROPERTY LISTING DETAILS
Anglin Properties Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168297
Last Updated: 12/11/2020
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
