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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $147.01
- 3 Days on Market
- MLS # : 6169998
- Updated Date : 12/12/2020 at 12:11
CONSTRUCTION
- Beds : 5
- Floor Size : 3,197 sqft
- Baths : 3 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
BEAUTIFUL 5 bed 3.5 bath Mesa home! Great curb appeal with paver side yard leading to RV gate, stone accent, landscaped yard, and fresh paint. Formal living/ dining space off the entry plus spacious open great room with built-in storage & cozy GAS fireplace with stacked stone detail. Remodeled kitchen boasts classic white Shaker cabinets, stainless steel appliances, tile backsplash, and top of the line Cambria quartz counters. RARE downstairs master with his & hers walk-in closets, dual vanity, separate shower & soaking tub, and direct access to backyard. Upstairs you'll find a HUGE loft plus generously sized secondary bedrooms, 2 sharing a Jack & Jill bath, and additional full bath. Backyard offers extended covered patio, grassy yard, & RV gate w/ slab, HOA allows trailers on side of home
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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 | $2,560 |
| EXPENSES | Loan Payment | -$1,734 |
| Property Tax | -$344 | |
| Property Insurance | -$89 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$275
|
||
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.
$470,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.54%
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
$130,300
LOAN DETAILS
$1,734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
8.58
YEARS SAVED
$64,629
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,558
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,550
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LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,650
- $0.79
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169998
Last Updated: 12/12/2020
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.
