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 1976
- Price/Sqft : $184.44
- 4 Days on Market
- MLS # : 6165013
- Updated Date : 11/25/2020 at 19:48
CONSTRUCTION
- Beds : 5
- Floor Size : 2,982 sqft
- Baths : 3 full
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Move-in ready remodel with a great floor plan that has all of the modern touches!! This home features 5 bedrooms plus a 3 full baths, 2 car garage, and a backyard with a covered patio and pool! Two AC units and 2 water heaters. New wood tile flooring throughout and carpet in bedrooms, new interior & exterior paint, and new baseboards. All new light fixtures. New granite countertops & backsplash in the kitchen - with kitchen appliances included as well as a walk-in pantry! Living room features vaulted ceilings and wood burning fireplace! Split floor plan with 2 beds/1 bath on opposite of home. Come make this your dream home today!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: La Mariposa Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Mariposa Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$2,029 |
| Property Tax | -$285 | |
| Property Insurance | -$85 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$469
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$550,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$151,500
LOAN DETAILS
$2,029
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $137,500 |
| Loan Amount | $412,500 |
1.58
YEARS SAVED
$5,936
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,908
COMP ESTIMATED VALUE -
$0.64
COMP AVG. RENT PER SQFT
Comps Range
-
1102 N Diane Street Mesa, AZ 1
- 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 1976 5 beds 3 baths ∙ 2,982 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1550 N Stapley Drive #133 Mesa, AZ 2
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1978
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.64
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165013
Last Updated: 11/25/2020
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.
