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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $202.16
- 3 Days on Market
- MLS # : 6172955
- Updated Date : 12/18/2020 at 17:05
CONSTRUCTION
- Beds : 2
- Floor Size : 1,479 sqft
- Baths : 2 full , 1 half
Listing Agent
Mesa Verde Real Estate
Listing Agent's Description
Don't miss out on this charming home is one of the prized locations of the entire subdivision - quietly tucked away at the far end (very little traffic out your front door), and right across the street from the open park with lawns, gazebo, playground equipment & access to the walking trails along the peaceful wash. Basketball court is just around the corner. Brand new neutral carpet in all BR's & loft. Spacious Kit. with granite counters, white cabinets & breakfast bar. Exterior painted in 2016. Amazing loft w/built-in bookcase. Spacious Master suite with double sinks & walk-in closet. Upstairs laundry new the BR's. New garbage disposal. New micro in 2018. Community pool is just down the street! Better hurry on this one!
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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 | $1,410 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$155 | |
| Property Insurance | -$56 | |
| HOA | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$135
|
||
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.
$299,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.47%
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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
3.33
YEARS SAVED
$9,835
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
-
$1,442
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
10242 E Isleta Avenue Mesa, AZ 1
- 2 beds 3 baths ∙ 1,479 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,479 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1265 S Aaron -- #266 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,247 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,247 Sqft ∙ Built 2007
LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,295
- $1.04
-
10206 E Isleta Avenue Mesa, AZ 3
- 2 beds 3 baths ∙ 1,479 Sqft ∙ Built 2005 2 beds 3 baths ∙ 1,479 Sqft ∙ Built 2005
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,350
- $0.91
PROPERTY LISTING DETAILS
Mesa Verde Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172955
Last Updated: 12/18/2020
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.
