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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $215.11
- 3 Days on Market
- MLS # : 6165271
- Updated Date : 11/27/2020 at 11:29
CONSTRUCTION
- Beds : 3
- Floor Size : 1,390 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Great rotunda exterior leads to a beautiful 3 bedroom 2.5 bath located in the community of Amador. The home features tile on the main floor & woodlike tile on the stairways for easy maintenance. Very nice neutral kitchen has a breakfast counter, eat in kitchen and formal dining if you choose. There are two sliding glass door exits off the kitchen/dining area which could make for great indoor/outdoor dining if you choose. Kitchen features also include attached pot rack, neutral cabinets, white appliances & nice pantry. The patio's on both sides are covered and pave red. Current owner had a raised garden on the Ease side of the home that has irrigation in place for your plants and/or vegetables.
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,260 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$187 | |
| Property Insurance | -$54 | |
| HOA | -$102 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$285
|
||
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.
$299,000
PROJECTED PRICE
$1,260
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
1.33
YEARS SAVED
$2,224
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
-
$1,359
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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1246 S Providence Circle Mesa, AZ 1
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1315 S Providence Circle Mesa, AZ 2
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2002
LEASED 02/01/20- Rent
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- $1,400
- $0.90
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1255 S Rialto -- #106 Mesa, AZ 3
- 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,535 Sqft ∙ Built 2006
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,400
- $0.91
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1134 S Cerise Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1999
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,500
- $1.06
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1255 S Rialto -- #85 Mesa, AZ 5
- 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,534 Sqft ∙ Built 2005
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,600
- $1.04
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165271
Last Updated: 11/27/2020
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.
