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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $192.85
- 2 Days on Market
- MLS # : 6196914
- Updated Date : 02/20/2021 at 19:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,789 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Bright and clean 4 bedroom, 2 bath home in desirable Parkwood Ranch. This welcoming home features a formal living and dining room, open kitchen to family room. Master bedroom has en-suite bathroom with walk-in closet and a great view of the pool-sized back yard. Three secondary bedrooms and a Jack and Jill bathroom round out the remaining living spaces. Family room is wired with Monster cable, entire home is wired with Cat 5 data cable. Inside laundry room with direct access to the garage. AC is only 6 years old. This home is close to both the 60 & 202 freeways, shopping, restaurants and the beautiful Superstition Mountains! Parkwood Ranch offers over 40 acres of greenspace, walking paths, tot play lots and basketball courts. A lovely place to call home!
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PRICE & RENT TRENDS
Neighborhood: Parkwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Parkwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$179 | |
| Property Insurance | -$62 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$25
|
||
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.
$345,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.5% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
5.33
YEARS SAVED
$19,231
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
-
$1,592
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/30/20- Rent
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LEASED 06/01/20- Rent
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- $1,600
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10129 E Carmel Avenue Mesa, AZ 4
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
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10109 E Isabella Avenue Mesa, AZ 5
- 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196914
Last Updated: 02/20/2021
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.
