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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $133.39
- 1 Days on Market
- MLS # : 6160801
- Updated Date : 11/14/2020 at 18:22
CONSTRUCTION
- Beds : 4
- Floor Size : 3,711 sqft
- Baths : 3 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Prepare to be amazed! Come and see this wonderful 4 bed, 3 bath property now for sale in Mesa! A beautiful facade, grassy front landscaping, a 3 car garage, RV gate, this home has it all and more! Inside you will find formal dining and living areas, a den perfect for an office, a spacious game room, and neutral paint throughout. The luxurious kitchen is a chef's dream come true, with its ample cabinetry, pantry, granite countertops, high-end appliances including a double wall oven, and island with breakfast bar. The grandiose master bedroom boasts a spacious walk-in closet and a full bath with double sinks, as well as separate tub and shower. Finally, the stunning backyard includes a covered patio, a small gazebo with built-in BBQ, and a refreshing pool! Hurry and schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: Villages of Eastridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages of Eastridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,230 |
| EXPENSES | Loan Payment | -$1,826 |
| Property Tax | -$299 | |
| Property Insurance | -$99 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$118
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$495,000
PROJECTED PRICE
$2,230
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.0% |
| Maintenance Year (1-5) | 8.00% |
| 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
$136,925
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
4.25
YEARS SAVED
$23,502
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,653
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
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- $2,375
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- 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2004
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,500
- $0.73
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9442 E Lompoc Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2000
LEASED 07/09/20- Rent
- Rent Per SQFT
- $2,600
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9465 E Lompoc Avenue Mesa, AZ 5
- 5 beds 3 baths ∙ 3,872 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,872 Sqft ∙ Built 2000
LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,700
- $0.70
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160801
Last Updated: 11/14/2020
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.
