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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $253.24
- 2 Days on Market
- MLS # : 6196909
- Updated Date : 02/20/2021 at 17:14
CONSTRUCTION
- Beds : 3
- Floor Size : 1,773 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Complete gut reno on this classic ranch in a popular beautiful Mesa neighborhood . An open floor concept features with new dual pane windows, floors, tile, cabinetry, doors etc. Top of the line kitchen and upgrades throughout this designer home. Kitchen features new shaker style cabinetry, stainless appliances, and gorgeous quartz countertops. Enjoy the breakfast bar and dining area. This open floor plan allows for several seating areas, featuring a quaint brick fireplace stunning french doors to backyard. Master boast sitting area, office/flex space, newly tiled shower and walk in closet with built ins. Covered patio. Pool sold in As-Is Condition. 2 car garage
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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 | $1,810 |
| EXPENSES | Loan Payment | -$1,560 |
| Property Tax | -$233 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$143
|
||
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.
$449,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.40%
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
$124,735
LOAN DETAILS
$1,560
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,250 |
| Loan Amount | $336,750 |
3.92
YEARS SAVED
$16,206
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,981
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
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1311 W Pecos Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $1,810
- $1.02
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1329 W Cortez Court Chandler, AZ 1
- 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
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1355 W Nido Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,775
- $1.03
-
2852 S Emerson -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,649 Sqft ∙ Built 1984
LEASED 09/11/20- Rent
- Rent Per SQFT
- $2,000
- $1.21
-
1339 W Pecos Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 1978
LEASED 11/15/20- Rent
- Rent Per SQFT
- $2,050
- $1.16
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196909
Last Updated: 02/20/2021
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.
