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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $196.77
- 4 Days on Market
- MLS # : 6186591
- Updated Date : 01/28/2021 at 16:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,855 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
1st showings Sat. 1/30. Ask about the MULTI-GEN opportunity as home next door is also for sale--11332 E Des Moines Cir. Lovely home with 3 bedrooms, 2 updated bathrooms, front liv. room & dining room (or home office), and open kitchen to Great Room with gas fireplace. 1855 sq. ft. of beautiful, clean and easy living. Many updates--see DOCS tab for list, including plantation shutters, 6 new windows+ patio door, large master bath with walk-in shower & closet, outside recently painted. Enjoy vaulted ceilings, split bedrooms and 2 car garage. Kitchen features large island-like breakfast bar & ample counter space to spread out. Entertain or relax in in your backyard oasis with covered patio, swimming pool with water feature and extensive green turf so no mowing. Near park and Sousa Elementary
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PRICE & RENT TRENDS
Neighborhood: Meridian Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meridian Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$189 | |
| Property Insurance | -$63 | |
| HOA | -$45 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$205
|
||
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.
$365,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.7% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
8.58
YEARS SAVED
$42,186
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
-
$1,707
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
11338 E Des Moines Circle Mesa, AZ 1
- 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
11239 E Camino Street Mesa, AZ 2
- 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,557 Sqft ∙ Built 1998
LEASED 03/17/20- Rent
- Rent Per SQFT
- $1,375
- $0.88
-
11547 E Decatur Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1999
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,480
- $0.94
-
11401 E Ellis Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 2003
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,595
- $0.89
-
11234 E Dartmouth Circle Mesa, AZ 5
- 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,856 Sqft ∙ Built 2001
LEASED 01/20/21- Rent
- Rent Per SQFT
- $1,800
- $0.97
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186591
Last Updated: 01/28/2021
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.
