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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $235.70
- 4 Days on Market
- MLS # : 6183808
- Updated Date : 01/21/2021 at 18:44
CONSTRUCTION
- Beds : 2
- Floor Size : 1,294 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
This is a home you don't want to miss! Bring your toothbrush and golf clubs. It's the Hopi split bedroom floor plan that is fully furnished and ready for move-in. The home offers an upgraded kitchen, Quartz countertops, new appliance, New roof, and New carpet in both bedrooms. Double closets in Master bedroom. Separate laundry room. Tile flooring in the main living areas, two car garage, Large covered patio in back, beautiful new pavers, low maintenance yard, large lot for entertaining, and a beautiful patio in front to enjoy the morning sunshine.
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PRICE & RENT TRENDS
Neighborhood: Fountain of the Sun
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fountain of the Sun
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,040 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$158 | |
| Property Insurance | -$52 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$336
|
||
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.
$305,000
PROJECTED PRICE
$1,040
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
0.67
YEARS SAVED
$859
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,040
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,048
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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1142 S 81st Place Mesa, AZ 3
- 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,040
- $0.80
-
8103 E Southern Avenue #319 Mesa, AZ 1
- 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983
LEASED 06/06/20- Rent
- Rent Per SQFT
- $950
- $0.79
-
8103 E Southern Avenue #311 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983
LEASED 05/15/20- Rent
- Rent Per SQFT
- $950
- $0.79
-
1043 S Florence Drive Mesa, AZ 4
- 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,100
- $0.85
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183808
Last Updated: 01/21/2021
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.
