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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $210.70
- 2 Days on Market
- MLS # : 6180041
- Updated Date : 01/23/2021 at 22:47
CONSTRUCTION
- Beds : 4
- Floor Size : 1,514 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Better than new, totally remodeled 4 Br 2 BA home with south facing large backyard. Open floorplan with large kitchen, breakfast bar, family room and dining. Brand new stainless steel appliances, Brand new Quartz counter tops and new white shaker Cabinets in kitchen. All new doors, baseboards, gorgeous new wood floor looking tile. Brand new carpet and pad in the bedrooms.Totally new, beautifully done bathrooms. Master Suite includes master bath and walk in closet. Hall bath and master bath have all new faucets, handles, cabs and more. Newly painted interior and exterior. Insulated laundry and storage. Brand new 14 Seer AC. Nothing to do but move in!!
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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 | $1,340 |
| EXPENSES | Loan Payment | -$1,108 |
| Property Tax | -$166 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
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.
$319,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.42%
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
$90,285
LOAN DETAILS
$1,108
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
4.17
YEARS SAVED
$12,446
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,412
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
1417 E 6th Avenue Mesa, AZ 1
- 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,514 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,340
- $0.89
-
451 S Ridge -- Mesa, AZ 2
- 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,563 Sqft ∙ Built 1962
LEASED 09/14/19- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
1050 S Stapley Drive #1 Mesa, AZ 3
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1979
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.97
-
433 S Pioneer -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1978
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,475
- $0.93
-
1559 E Flower Circle Mesa, AZ 5
- 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,495
- $0.94
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180041
Last Updated: 01/23/2021
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.
