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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $167.41
- 3 Days on Market
- MLS # : 6186874
- Updated Date : 01/30/2021 at 16:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,897 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
Location location location!! 4 Bdrm, 2.5 Ba, loft, open floorplan and large grassy backyard! Home is decked out in the most desirable finishes, pendant lighting, granite countertops and white subway backsplash. Stainless appliances and lots of recessed lighting. Huge master with large walkin closet. Oversized loft upstairs perfect for an office, tv room, or playroom! Mulberry is one of the premier locations in Mesa. New development with white picket fences, tons of paths to walk, ride your bike, parks to play, community pool, and amazing neighbors!
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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 | $2,260 |
| EXPENSES | Loan Payment | -$1,685 |
| Property Tax | -$293 | |
| Property Insurance | -$84 | |
| HOA | -$131 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$31
|
||
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.
$485,000
PROJECTED PRICE
$2,260
PROJECTED RENT
0.47%
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
$134,275
LOAN DETAILS
$1,685
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $121,250 |
| Loan Amount | $363,750 |
5.08
YEARS SAVED
$25,371
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,260
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$2,462
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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10601 E Naranja Avenue Mesa, AZ 3
- 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,260
- $0.78
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2021 S Esmeralda Circle Mesa, AZ 1
- 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2004
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,200
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-
9462 E Juanita Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 1997
LEASED 10/26/19- Rent
- Rent Per SQFT
- $2,250
- $0.83
-
10132 E Rubidium Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019
LEASED 12/08/20- Rent
- Rent Per SQFT
- $2,295
- $0.86
-
10547 E Relativity Avenue Mesa, AZ 5
- 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018
LEASED 01/15/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186874
Last Updated: 01/30/2021
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.
