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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $197.96
- 3 Days on Market
- MLS # : 6169029
- Updated Date : 12/19/2020 at 15:53
CONSTRUCTION
- Beds : 3
- Floor Size : 1,768 sqft
- Baths : 2 full
Listing Agent
S.j. Fowler Real Estate, Inc.
Listing Agent's Description
Welcome home! This beautiful, well maintained 3 bed 2 bath in the established neighborhood of Eaton Club Estates is what you've been waiting for. Enter past the courtyard & meticulously manicured lawn to the great room where you can relax and enjoy the living area next to the formal dining. Separate additional living area can make for a nice retreat sitting next to the fireplace, with double door view of backyard. Recently remodeled bathrooms! Tile throughout w/ wood laminate in bedrooms. 2 car garage w/ work area & usable attic space. RV GATE for additional vehicle/toy storage! Sits on almost 1/4 acre lot w/ storage shed out back. Awesome location w/ quick, easy access to 101/202 & plenty of shopping. No HOA, low Mesa taxes! Includes fridge, washer, and dryer!
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PRICE & RENT TRENDS
Neighborhood: Eaton Club Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eaton Club Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$182 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$214
|
||
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.
$350,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.6% |
| 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
$98,500
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
2.92
YEARS SAVED
$9,348
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,574
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1333 W 9th Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,420
- $0.80
-
225 N Standage Street #82 Mesa, AZ 2
- 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1967
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,425
- $0.86
-
1042 W Devonshire Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
634 N Cliff Circle Mesa, AZ 4
- 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1965
LEASED 06/13/20- Rent
- Rent Per SQFT
- $1,675
- $0.88
-
1744 W 6th Street Mesa, AZ 5
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
PROPERTY LISTING DETAILS
S.j. Fowler Real Estate, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169029
Last Updated: 12/19/2020
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.
