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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $222.16
- 5 Days on Market
- MLS # : 6166045
- Updated Date : 12/03/2020 at 09:48
CONSTRUCTION
- Beds : 3
- Floor Size : 1,778 sqft
- Baths : 2 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Ready to own a brand new home but don't want to wait for the build time?! This home is only ONE YEAR OLD!!!!! And its been WELL taken care of!! You'll feel right at home when you walk in the front door and see how open, light and bright it is. The split floorplan has two bedrooms, one bathroom and a home office/flex space in the front of the home and the owners suite towards the back. You'll love the gorgeous kitchen, pantry, gas stove and all the kitchen has to offer. The greatroom has a large sliding window wall that allows you to enjoy indoor and outdoor living at the same time. Outside you have a beautifully designed backyward with covered patio, gazebo, artifical turf and you can even see Superstition Mountain over your back wall! Schedule your showing today
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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 | $1,580 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$194 | |
| Property Insurance | -$62 | |
| HOA | -$262 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$495
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$395,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.40%
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) | 3.00% |
| 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
$106,675
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
0.33
YEARS SAVED
$377
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,614
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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10306 E Revolution Drive Mesa, AZ 1
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- $0
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11247 E Quarry Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2001
LEASED 08/09/19- Rent
- Rent Per SQFT
- $1,350
- $0.89
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11251 E Quarry Avenue Mesa, AZ 3
- 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,600
- $0.91
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11060 E Stearn Avenue Mesa, AZ 4
- 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2008
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,775
- $0.93
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10950 E Starkey Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2012
LEASED 09/03/20- Rent
- Rent Per SQFT
- $1,895
- $0.90
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166045
Last Updated: 12/03/2020
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.
