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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $217.04
- 2 Days on Market
- MLS # : 6199684
- Updated Date : 02/27/2021 at 15:19
CONSTRUCTION
- Beds : 4
- Floor Size : 2,253 sqft
- Baths : 2 full
Listing Agent
Re/max Alliance Group
Listing Agent's Description
This home is gone in a minute so do not delay!! Great single level home w/3 car garage on a corner lot in Adobe Estates. This home lives big and provides 4 spacious bedrooms, great room area with breakfast nook and eat up bar! Fabulous built in cabinetry, new appliances including washer and dryer and new carpet. Outside resort like backyard with play pool (removable pool fence in garage) and built in BBQ area. Garage is large with wall of built in cabinetry. Ceiling storage racks and walk door to backyard. Great East Mesa location easily accessible to the US 60, Loop 202, shopping, hiking, fishing, boating, golfing and much more!
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PRICE & RENT TRENDS
Zip Code: 85207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,698 |
| Property Tax | -$254 | |
| Property Insurance | -$71 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$150
|
||
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.
$489,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| 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
$135,335
LOAN DETAILS
$1,698
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,250 |
| Loan Amount | $366,750 |
3.67
YEARS SAVED
$16,856
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,769
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 09/23/19- Rent
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- $1,695
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LEASED 05/02/20- Rent
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- $1,695
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453 N 105th Place Mesa, AZ 3
- 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2001
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,695
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11430 E Dover Street Mesa, AZ 4
- 5 beds 2 baths ∙ 2,094 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,094 Sqft ∙ Built 1999
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,795
- $0.86
PROPERTY LISTING DETAILS
Re/max Alliance Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199684
Last Updated: 02/27/2021
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.
