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 2004
- Price/Sqft : $261.72
- 3 Days on Market
- MLS # : 6190649
- Updated Date : 02/12/2021 at 08:15
CONSTRUCTION
- Beds : 2
- Floor Size : 917 sqft
- Baths : 2 full
Listing Agent
Bold Realty Llc
Listing Agent's Description
Fantastic 2 bedroom, 2 bath single family home in a gated community. Vaulted ceilings, fresh paint throughout, family room open to the kitchen and split floor plan. Eat in kitchen features stainless steel appliances, breakfast bar, plenty of cabinets and counter space. Upgraded laminate wood flooring in the bedrooms and tile in all main living areas. Private backyard to enjoy with a nice covered patio, low maintenance landscape and storage shed included. Garage Door with opener turns into carport/patio and includes side gate with concrete parking slab. Community features a clubhouse, pool and HOA maintained front yard landscape. This is a turn key home conveniently located near the 202 freeway, hiking, shopping and dining.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Lost Dutchman Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lost Dutchman Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,100 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$141 | |
| Property Insurance | -$45 | |
| HOA | -$110 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$129
|
||
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
$1,100
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 4.2% |
| 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
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
2.5
YEARS SAVED
$4,624
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
-
$1,018
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
123 N Drexel Street Mesa, AZ 1
- 2 beds 2 baths ∙ 917 Sqft ∙ Built 2004 2 beds 2 baths ∙ 917 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
263 N 93rd Street #1 Mesa, AZ 2
- 2 beds 1 baths ∙ 714 Sqft ∙ Built 1985 2 beds 1 baths ∙ 714 Sqft ∙ Built 1985
![property image]()
LEASED 08/26/19- Rent
- Rent Per SQFT
- $750
- $1.05
-
1017 S 96th Street Mesa, AZ 3
- 2 beds 2 baths ∙ 961 Sqft ∙ Built 1995 2 beds 2 baths ∙ 961 Sqft ∙ Built 1995
![property image]()
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,095
- $1.14
-
230 S Leandro -- Mesa, AZ 4
- 2 beds 3 baths ∙ 1,222 Sqft ∙ Built 2008 2 beds 3 baths ∙ 1,222 Sqft ∙ Built 2008
![property image]()
LEASED 10/28/20- Rent
- Rent Per SQFT
- $1,395
- $1.14
PROPERTY LISTING DETAILS
Bold Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190649
Last Updated: 02/12/2021
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.
