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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $167.19
- 3 Days on Market
- MLS # : 6187363
- Updated Date : 01/30/2021 at 00:35
CONSTRUCTION
- Beds : 4
- Floor Size : 2,841 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Largest model in Copper Crest! Move-in ready home with builder upgrades throughout. Luxury vinyl plank flooring throughout the main level. Plantation Shutters. Home office. half-bathroom downstairs. Spacious open floor plan for the kitchen, dining, and family room. The stunning eat-in kitchen has custom white cabinets, granite counters, white appliances, island with breakfast bar, and a walk-in pantry. Plush carpeting upstairs. Loft area has many possibilities. Generous sized bedrooms, all have walk-in closets. The backyard has a long covered patio, nice lawn area for the kids & pets to play! Close to schools, shopping, and the 202.
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PRICE & RENT TRENDS
Neighborhood: Falcon Field
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Field
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,440 |
| EXPENSES | Loan Payment | -$1,650 |
| Property Tax | -$247 | |
| Property Insurance | -$83 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$302
|
||
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.
$475,000
PROJECTED PRICE
$2,440
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| 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
$131,625
LOAN DETAILS
$1,650
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
9.08
YEARS SAVED
$58,653
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
-
$2,869
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1412 N St Paul -- Mesa, AZ 1
- 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,841 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4347 E Fox Circle Mesa, AZ 2
- 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2000
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
-
6202 E Mckellips Road #41 Mesa, AZ 3
- 3 beds 4 baths ∙ 3,002 Sqft ∙ Built 2006 3 beds 4 baths ∙ 3,002 Sqft ∙ Built 2006
LEASED 12/01/20- Rent
- Rent Per SQFT
- $3,550
- $1.18
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187363
Last Updated: 01/30/2021
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.
