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PROPERTY INFO
FACTS
- Single Family
- Built In 1971
- Price/Sqft : $214.86
- 2 Days on Market
- MLS # : 6173243
- Updated Date : 12/19/2020 at 16:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,629 sqft
- Baths : 2 full
Listing Agent
Schreiner Realty
Listing Agent's Description
THIS IS IT! This is the home you have been waiting for! This 3 bed 2 bath (+OFFICE +POOL) home has been completely updated. Talk about curb appeal! The remodeled kitchen overlooks the living and dining areas perfectly & features bright white cabinets, upgraded granite countertops, kitchen island, matte black hardware & faucet, stainless under-mount sink, custom backsplash. Plenty of natural light thanks to three brand new Arcadia doors! Down the hallway: Two bedrooms, a bathroom, and the owner's suite. The Office is perfectly sized and split from the other bedrooms for privacy. Outside: Your own slice of paradise! A large covered patio, perfectly placed diving pool, and still plenty of yard! Other features include: 2 car garage, brand new wood-like tile flooring, new energy efficient...
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PRICE & RENT TRENDS
Neighborhood: Comite de Families en Accion
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Comite de Families en Accion
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,400 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$182 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$231
|
||
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.
$350,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
2.5
YEARS SAVED
$7,885
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
-
$1,560
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1051 W Dixon Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,629 Sqft ∙ Built 1971
- Rent
- Rent Per SQFT
- $0
- $0.00
-
725 W University Drive Mesa, AZ 2
- 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 1951 4 beds 2 baths ∙ 1,533 Sqft ∙ Built 1951
LEASED 08/09/20- Rent
- Rent Per SQFT
- $1,450
- $0.95
-
1357 W 1st Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1954 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1954
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,495
- $0.94
-
910 N Cherry -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
310 W Mclellan Road Mesa, AZ 5
- 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1973
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
PROPERTY LISTING DETAILS
Schreiner Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173243
Last Updated: 12/19/2020
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.
