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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $252.61
- 1 Days on Market
- MLS # : 6263819
- Updated Date : 07/13/2021 at 19:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,342 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Location, Location and Rare Floor Plan with 3 Bedrooms, 2 Bathrooms and a 2 Car Garage! New Paint and Carpet, A/C Replaced 2020, Newer Appliances and Large Private Balcony with 2 Entrances - Slider from Great Room or Private Entrance from Primary Suite. Perfect place to Relax and Enjoy the Sunset. Close to the 60, Shopping, Dining, Outdoor Recreation and More!
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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 | $1,410 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$231 | |
| Property Insurance | -$53 | |
| HOA | -$148 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$299
|
||
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.
$339,000
PROJECTED PRICE
$1,410
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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
1.25
YEARS SAVED
$1,944
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,410
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,419
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
1350 S Greenfield Road #2133 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 2007
![property image]()
- Rent
- Rent Per SQFT
- $1,410
- $1.05
-
3510 E Hampton Avenue #59 Mesa, AZ 2
- 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1993
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,495
- $1.06
-
4958 E Harmony Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1997
![property image]()
LEASED 02/08/21- Rent
- Rent Per SQFT
- $1,695
- $1.03
-
4851 E Holmes Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,725
- $1.05
-
4905 E Holmes Avenue Mesa, AZ 5
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
![property image]()
LEASED 11/06/20- Rent
- Rent Per SQFT
- $1,795
- $1.09
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263819
Last Updated: 07/13/2021
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.
