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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $212.92
- 3 Days on Market
- MLS # : 6196442
- Updated Date : 02/19/2021 at 15:38
CONSTRUCTION
- Beds : 3
- Floor Size : 2,137 sqft
- Baths : 3 full
Listing Agent
Infinity Wealth Real Estate
Listing Agent's Description
Beautiful 3 Bedroom 3 Bath home plus Den in the desirable Eastmark Community. Home boasts a gorgeous gourmet kitchen and great room. Split floor plan with the two additional bedrooms with their own bathroom. Lot also features North/South exposure and beautiful mountain views in the distance. You won't be disappointed!
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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 | $1,930 |
| EXPENSES | Loan Payment | -$1,580 |
| Property Tax | -$421 | |
| Property Insurance | -$69 | |
| HOA | -$98 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$337
|
||
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.
$455,000
PROJECTED PRICE
$1,930
PROJECTED RENT
0.42%
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
$126,325
LOAN DETAILS
$1,580
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $113,750 |
| Loan Amount | $341,250 |
1.58
YEARS SAVED
$4,263
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,930
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,961
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 09/03/20- Rent
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LEASED 04/01/20- Rent
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10631 E Wavelength Avenue Mesa, AZ 4
- 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
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4557 S Nebula -- Mesa, AZ 5
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LEASED 06/02/20- Rent
- Rent Per SQFT
- $2,100
- $0.92
PROPERTY LISTING DETAILS
Infinity Wealth Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196442
Last Updated: 02/19/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
