Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $201.17
- 2 Days on Market
- MLS # : 6160172
- Updated Date : 11/14/2020 at 05:51
CONSTRUCTION
- Beds : 4
- Floor Size : 1,193 sqft
- Baths : 1 full , 1 half
Listing Agent
Exp Realty
Listing Agent's Description
You will absolutely love this authentic single level property now available in delightful Mesa. Providing 1 car garage and white canvas front yard ready for your landscaping ideas. Bright and welcoming interior is complete with everything you have been looking for; living/dining area, neutral color palette, carpet in all the right places, 4 bedrooms, 1.5 bathrooms, and so much natural light that makes this place cozy and inviting. Well maintained kitchen has everything you need; tile back-splash, white cabinetry, plenty counter space, pantry, and white matching appliances. Large backyard includes covered patio and fenced-in area to potentially build a pool or make it your own. Opportunities like this don't come often. What are you waiting for? Call today before it's too late!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,140 |
| EXPENSES | Loan Payment | -$886 |
| Property Tax | -$125 | |
| Property Insurance | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$19
|
||
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.
$240,000
PROJECTED PRICE
$1,140
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$69,350
LOAN DETAILS
$886
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
5.42
YEARS SAVED
$16,037
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,140
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,177
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
123 E 6th Avenue Mesa, AZ 1
- 4 beds 2 baths ∙ 1,193 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,193 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $1,140
- $0.96
-
315 E 7th Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1950
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,295
- $1.02
-
573 N Sirrine -- Mesa, AZ 3
- 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1940
LEASED 06/07/19- Rent
- Rent Per SQFT
- $1,355
- $1.01
-
536 E Harmony Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1971
LEASED 05/24/19- Rent
- Rent Per SQFT
- $1,395
- $0.93
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160172
Last Updated: 11/14/2020
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.
