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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $158.33
- 4 Days on Market
- MLS # : 6192694
- Updated Date : 02/11/2021 at 07:26
CONSTRUCTION
- Beds : 5
- Floor Size : 3,237 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
You'll be rambling on and on about how amazing this home on Ramblewood is! Stunning and gorgeous home sits on over 3200 sq ft of living space, 5 bedrooms, 3 baths, 3 car garage and upgrades galore! You'll love the pool with a baja step, and multi-color LED lights (built in 2018). Custom interior paint. Enjoy brand new laminate wood flooring and tile throughout. Separate living room and family room! Open kitchen and dining. Light and bright. Recessed Lighting. Ceiling fans in all bedrooms. Love to cook? Your tiled kitchen has one-of-kind granite counter-tops and granite island, large pantry, smooth stainless steel appliances, fridge, range, dishwasher, and built in microwave! Love to relax? Master suite is spacious with large walk-in closet. The renovated master bath has double sinks,
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PRICE & RENT TRENDS
Neighborhood: Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mountain Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,780 |
| Property Tax | -$309 | |
| Property Insurance | -$90 | |
| HOA | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$173
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$512,500
PROJECTED PRICE
$2,160
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$141,563
LOAN DETAILS
$1,780
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $128,125 |
| Loan Amount | $384,375 |
3.5
YEARS SAVED
$15,650
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
-
$2,379
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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11508 E Ramblewood Avenue E Mesa, AZ 1
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- $0
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- 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001
LEASED 08/06/20- Rent
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- $2,095
- $0.68
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11318 E Sonrisa Avenue Mesa, AZ 3
- 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
LEASED 12/11/20- Rent
- Rent Per SQFT
- $2,350
- $0.75
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11146 E Rafael Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012
LEASED 06/20/20- Rent
- Rent Per SQFT
- $2,400
- $0.71
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11425 E Sebring Circle Mesa, AZ 5
- 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
LEASED 12/31/20- Rent
- Rent Per SQFT
- $2,490
- $0.80
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192694
Last Updated: 02/11/2021
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.
