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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $200.50
- 2 Days on Market
- MLS # : 6179791
- Updated Date : 01/16/2021 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,995 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
Quality, Style, Upgraded, Oasis. This is THE one! MOVE RIGHT IN to this spacious, warm block home with NO HOA. The Newer Family Room addition (permitted) with closet enhances the flexibility & enjoyment of this expanded floor plan. Master Bedroom has 2 Walk-In closets & beautifully Upgraded Bath. Gorgeous Kitchen with Granite. Too many Upgrades to List: Lighting, Fans, Baseboards, Both Baths, Flooring, and on & on! Amazing Backyard Oasis with 4 YR OLD POOL! 9+ ft RV Gate; Workshop; 200 AMP Elec. Roof 2018; A/C 2015 (incl. new ducts); Pool 2016. Synthetic Stucco; Artificial Turf; Pavers; Dual Pane Windows; Upgraded Doors. You'll Love the Polished Concrete; Upgr. Tile; & Plush New Carpet! Walk to 22-acre Sherwood Park. Quiet Cul-de-Sac, close to Everything. This is a Forever Home!
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PRICE & RENT TRENDS
Neighborhood: Sherwood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sherwood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$208 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$192
|
||
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.
$400,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 11.3% |
| 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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
3.33
YEARS SAVED
$10,739
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
-
$1,776
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1130 E Hampton Circle Mesa, AZ 1
- 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
844 E 10th Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,525
- $0.85
-
817 E Glade Avenue Mesa, AZ 3
- 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1989
![property image]()
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,549
- $0.82
-
162 W Leah Court Gilbert, AZ 4
- 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1992
![property image]()
LEASED 01/03/21- Rent
- Rent Per SQFT
- $1,800
- $0.89
-
1450 E Grove Avenue Mesa, AZ 5
- 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1975
![property image]()
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,950
- $1.00
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179791
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
