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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $192.85
- 2 Days on Market
- MLS # : 6176399
- Updated Date : 01/02/2021 at 18:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,944 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
This rare 3 bedroom model is well-maintained and move-in ready! Sitting on a large, private (no rear neighbor) lot, this one does not disappoint! A newer HVAC system (2017) helps make this home worry-free for many years. The floor plan is perfect: Very open and functional, with three true bedrooms plus a sun room (would make a nice office/den if desired). The garage is extra wide, and already has tons of built-in storage. The generous backyard is highlighted by a gorgeous pergola and covered patio. Located in the premier active adult community of Sunland Springs Village a multitude of amenities await including golf, tennis, pickleball, swimming and bocce. Numerous clubs and activities are waiting for you!
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PRICE & RENT TRENDS
Neighborhood: Sunland Springs Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Springs Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,383 |
| Property Tax | -$226 | |
| Property Insurance | -$65 | |
| HOA | -$5 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$48
|
||
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.
$374,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.6% |
| 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
$105,099
LOAN DETAILS
$1,383
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,725 |
| Loan Amount | $281,175 |
5.17
YEARS SAVED
$23,545
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,813
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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10942 E Keats Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,730
- $0.89
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11069 E Kilarea Avenue #125 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2002
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
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- 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
-
1655 S Wildrose -- Mesa, AZ 3
- 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,700
- $0.93
-
1643 S Laramie Avenue Mesa, AZ 5
- 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,795
- $0.99
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176399
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
