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PROPERTY INFO
FACTS
- Single Family
- Built In 1957
- Price/Sqft : $234.41
- 3 Days on Market
- MLS # : 6165124
- Updated Date : 12/11/2020 at 14:14
CONSTRUCTION
- Beds : 2
- Floor Size : 962 sqft
- Baths : 1 full
Listing Agent
Hispanic Real Estate Center
Listing Agent's Description
Great 2 bedroom 1 bath Property. Great for investor. Home needs some TLC and is sold AS-IS.
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PRICE & RENT TRENDS
Neighborhood: Reed Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reed Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,020 |
| EXPENSES | Loan Payment | -$832 |
| Property Tax | -$117 | |
| Property Insurance | -$46 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$225,500
PROJECTED PRICE
$1,020
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 11.0% |
| 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
$65,508
LOAN DETAILS
$832
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,375 |
| Loan Amount | $169,125 |
4.25
YEARS SAVED
$10,354
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,020
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$962
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1252 E 8th Avenue Mesa, AZ 4
- 2 beds 1 baths ∙ 962 Sqft ∙ Built 1957 2 beds 1 baths ∙ 962 Sqft ∙ Built 1957
![property image]()
- Rent
- Rent Per SQFT
- $1,020
- $1.06
-
322 S Allen -- Mesa, AZ 1
- 2 beds 1 baths ∙ 741 Sqft ∙ Built 1963 2 beds 1 baths ∙ 741 Sqft ∙ Built 1963
![property image]()
LEASED 10/08/19- Rent
- Rent Per SQFT
- $725
- $0.98
-
438 S Hobson -- #442 Mesa, AZ 2
- 2 beds 1 baths ∙ 860 Sqft ∙ Built 1976 2 beds 1 baths ∙ 860 Sqft ∙ Built 1976
![property image]()
LEASED 03/13/20- Rent
- Rent Per SQFT
- $850
- $0.99
-
1310 S Pima -- #48 Mesa, AZ 3
- 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964
![property image]()
LEASED 09/10/19- Rent
- Rent Per SQFT
- $975
- $1.03
PROPERTY LISTING DETAILS
Hispanic Real Estate Center
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165124
Last Updated: 12/11/2020
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.
