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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $210.40
- 4 Days on Market
- MLS # : 6192291
- Updated Date : 02/11/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 2,020 sqft
- Baths : 2 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
11056 E Topaz Ave is a stunning single story home situated right next to a greenbelt within the highly sought after Bella Via community. This 3 Bedroom (plus a den), 2 bathroom home is 2,020 sqft. of impressive living space. Upon entering the home you will be welcomed by the open concept, neutral paint, and plantation shutters throughout. The dream kitchen boasts gorgeous granite countertops that perfectly accompany the espresso cabinets, stainless steel appliances, an artistically designed backsplash, recessed lighting, a walk in pantry, and stunning pendant lights that hang over the massive island. The kitchen overlooks the dining space that runs right into the family room which is equipped with a built in entertainment center and the perfect view into the backyard. (CLICK TO READ MORE)
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PRICE & RENT TRENDS
Zip Code: 85212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$263 | |
| Property Insurance | -$67 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$120
|
||
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.
$425,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
3.67
YEARS SAVED
$14,289
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,889
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
11056 E Topaz Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,860
- $0.92
-
11146 E Sombra Avenue Mesa, AZ 1
- 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,769 Sqft ∙ Built 2007
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,625
- $0.92
-
11060 E Stearn Avenue Mesa, AZ 2
- 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2008
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,775
- $0.93
-
11148 E Sonrisa Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2006
LEASED 10/25/20- Rent
- Rent Per SQFT
- $1,799
- $0.95
-
5028 S Brice -- Mesa, AZ 5
- 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,013 Sqft ∙ Built 2015
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,899
- $0.94
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192291
Last Updated: 02/11/2021
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.
