Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $215.67
- 2 Days on Market
- MLS # : 6173189
- Updated Date : 12/19/2020 at 16:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,646 sqft
- Baths : 2 full
Listing Agent
America One Luxury Real Estate
Listing Agent's Description
Immaculate home is close to schools, shopping, and recreation areas. Backyard has sparkling salt pool surrounded by newly installed imitation grass for easy care and outdoor fireplace.Upgrades include water filtration, custom interior and exterior lighting features, hardwood flooring in master bedroom, Roll shades in great and living room, garage has epoxy floor and new garage door opener.SALE OF THE HOME IS SUBECT TO THE SELLER IDENTIFYING A HOME AND THEIR ABILITY TO CLOSE ESCROW ON THE REPLACEMENT HOME.
SEE MORE
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 | $1,620 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$184 | |
| Property Insurance | -$59 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$49
|
||
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.
$355,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.46%
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
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
5.17
YEARS SAVED
$22,307
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,465
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
10550 E Flossmoor Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,620
- $0.98
-
10060 E Isabella Avenue Mesa, AZ 1
- 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
-
10065 E Capri Avenue Mesa, AZ 2
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
10129 E Carmel Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
![property image]()
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
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
![property image]()
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
PROPERTY LISTING DETAILS
America One Luxury Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173189
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.
