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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $151.58
- 3 Days on Market
- MLS # : 6167855
- Updated Date : 12/04/2020 at 16:27
CONSTRUCTION
- Beds : 4
- Floor Size : 2,474 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
WELCOME TO COMMUNITY LIVING! Bella Via is a dream neighborhood, with nearby parks, shopping, & dining. As you arrive, you'll appreciate the mature tree lined street & cared for properties. Come inside 11065 E Shepperd, there's a lot to see. Work from home in the downstairs den/office space, or relax in the expanded great room (open layout) with fantastic kitchen featuring a granite breakfast island, stainless steel appliances, upgraded 42'' cabinets with crown molding, and a large pantry. Upstairs, you'll find a HUGE loft, plus four bedrooms & inside laundry. The owner's suite is oversized, plenty of room to breathe. Duel sinks in both bathrooms, separate shower/tub in owner's suite. Out back, you'll be living in paradise among the fruit trees, bushes, & veggie gardens. You'll love it here
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$274 | |
| Property Insurance | -$75 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$93
|
||
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.
$375,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
6.67
YEARS SAVED
$35,820
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
-
$2,146
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
11065 E Shepperd Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4509 S Antonio -- Mesa, AZ 2
- 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012
LEASED 06/22/20- Rent
- Rent Per SQFT
- $1,995
- $0.81
-
11417 E Rafael Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2002
LEASED 03/02/20- Rent
- Rent Per SQFT
- $2,000
- $0.87
-
11542 E Shepperd Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,200
- $0.83
-
10739 E Sheffield Drive Mesa, AZ 5
- 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,550
- $0.96
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167855
Last Updated: 12/04/2020
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.
