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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $206.20
- 6 Days on Market
- MLS # : 6161286
- Updated Date : 11/17/2020 at 15:49
CONSTRUCTION
- Beds : 3
- Floor Size : 2,544 sqft
- Baths : 2 full , 1 half
Listing Agent
Taylor Morrison (mls Only)
Listing Agent's Description
New home ready January 2021! Highly upgraded new home. Private paver courtyard at home entry. Kitchen will have staggered white kitchen cabinets, granite, stainless steel appliances that include double ovens, gas cooktop , hood and dishwasher, oversized kitchen island. Great room has a large 20 foot sliding door. Master bath room has white cabinets, granite to match the kitchen, tiled master shower and freestanding cast iron soaking clawfoot tub. Secondary bedrooms have walk-in closets. Two toned paint throughout. Wood look plank tile flooring and upgraded carpet and pad. 8 foot interior doors, 10 foot ceilings, garage has a 4 foot extension, paver driveway, Gas stub for future BBQ. Large backyard with no homes behind.
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PRICE & RENT TRENDS
Zip Code: 85212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,935 |
| Property Tax | -$481 | |
| Property Insurance | -$77 | |
| HOA | -$156 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$498
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.
$524,579
PROJECTED PRICE
$2,250
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.60% |
| 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
$141,013
LOAN DETAILS
$1,935
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $131,145 |
| Loan Amount | $393,434 |
0.92
YEARS SAVED
$2,357
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,296
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
10208 E Thatcher Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2020
![property image]()
- Rent
- Rent Per SQFT
- $2,250
- $0.88
-
9809 E Solstice Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
![property image]()
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,195
- $0.88
-
9726 E Kinetic Drive Mesa, AZ 2
- 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
![property image]()
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,250
- $0.90
-
4933 S Tune -- Mesa, AZ 4
- 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019
![property image]()
LEASED 12/14/19- Rent
- Rent Per SQFT
- $2,300
- $0.88
-
9739 E Kinetic Drive Mesa, AZ 5
- 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $2,450
- $0.95
PROPERTY LISTING DETAILS
Taylor Morrison (mls Only)
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161286
Last Updated: 11/17/2020
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.
