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 2013
- Price/Sqft : $182.89
- 3 Days on Market
- MLS # : 6197320
- Updated Date : 02/28/2021 at 00:04
CONSTRUCTION
- Beds : 4
- Floor Size : 2,542 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
Located in prestigious Eastmark Community, sits this stunning and sophisticated former model residence. Conveniently located on Sable Garden, and highly upgraded, the spacious floor plan has a very well-thought-out guest suite at the front of the home with its own private entry! As you enter, you'll quickly notice the custom two-tone paint, crown molding, and incredible flooring choices right away! In the kitchen, you'll find beautiful Espresso finished cabinetry, impressive granite countertops, stainless steel appliances with a glass tile backsplash as the perfect finishing touch. Upstairs you can relax by the loft with gorgeous views of the Superstition Mountains, secondary bedrooms, laundry room, and Owner suite featuring double sinks, spacious closet, separate shower, and tub
SEE MORE
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 | $2,120 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$430 | |
| Property Insurance | -$77 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$201
|
||
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.
$464,900
PROJECTED PRICE
$2,120
PROJECTED RENT
0.46%
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
$128,949
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,225 |
| Loan Amount | $348,675 |
3.08
YEARS SAVED
$11,201
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,320
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
10612 E Hawk Avenue Mesa, AZ 2
- 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $2,120
- $0.83
-
10914 E Bella Viaduct Mesa, AZ 1
- 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 2006
LEASED 01/15/21- Rent
- Rent Per SQFT
- $1,950
- $0.85
-
4714 S Curie Way Mesa, AZ 3
- 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2018
LEASED 04/03/20- Rent
- Rent Per SQFT
- $2,350
- $0.94
-
10217 E Ampere Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,350
- $0.90
-
10739 E Sheffield Drive Mesa, AZ 5
- 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,550
- $0.96
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197320
Last Updated: 02/28/2021
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.
