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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $184.94
- 2 Days on Market
- MLS # : 6184155
- Updated Date : 01/23/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,833 sqft
- Baths : 2 full
Listing Agent
Devstar Realty
Listing Agent's Description
This home has just been completely updated with thousands $$$$ invested. New paint - interior/exterior, tile, carpet, kitchen renovation, new dishwasher and microwave, remodeled bathrooms, fixtures, lighting, fans, baseboards, etc. This home is beautiful and 100% move in ready. Enjoy the large enclosed backyard a completely enclosed Arizona room AND a 2 car garage. Low HOA fee for this community that has so much to offer. This is a must see!!!
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PRICE & RENT TRENDS
Neighborhood: Leisure World
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Leisure World
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$200 | |
| Property Insurance | -$63 | |
| HOA | -$290 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$189
|
||
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.
$339,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.0% |
| 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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
2.25
YEARS SAVED
$5,347
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,787
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1093 Leisure World -- Mesa, AZ 1
- 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1893 Leisure World -- Mesa, AZ 2
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,495
- $0.91
-
5738 E Garnet Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,550
- $1.01
-
5440 E Drummer Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,725
- $0.94
-
6942 E Exmoor Drive Mesa, AZ 5
- 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 1961
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
PROPERTY LISTING DETAILS
Devstar Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184155
Last Updated: 01/23/2021
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.
