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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $213.63
- 2 Days on Market
- MLS # : 6184793
- Updated Date : 01/23/2021 at 00:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,732 sqft
- Baths : 2 full , 1 half
Listing Agent
Oz Realty
Listing Agent's Description
Do not miss your chance to live in this desirable community in the East Valley! This beauty of a home boasts 3 bedrooms and 2.5 baths with stunning finishes throughout including wood-like tile floors and a modern color palette. The kitchen displays a beautiful contrast of finishes between the white subway tile backsplash, darker shaker cabinets, granite countertops and stainless appliances. The spacious master showcases dual sinks, a separate vanity area and a walk-in closet. More to see in the exterior with a wonderfully designed backyard space great for relaxing or entertaining.
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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 | $1,770 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$223 | |
| Property Insurance | -$61 | |
| HOA | -$44 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$58
|
||
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.
$370,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.48%
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
$103,800
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
6.33
YEARS SAVED
$27,328
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
-
$1,767
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/28/20- Rent
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LEASED 11/16/20- Rent
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- $1,795
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2848 S 106th Place Mesa, AZ 4
- 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000
LEASED 09/09/20- Rent
- Rent Per SQFT
- $1,799
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2742 S Sabrina -- Mesa, AZ 5
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LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,875
- $1.08
PROPERTY LISTING DETAILS
Oz Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184793
Last Updated: 01/23/2021
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.
