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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $174.47
- 4 Days on Market
- MLS # : 6177278
- Updated Date : 01/08/2021 at 18:38
CONSTRUCTION
- Beds : 4
- Floor Size : 1,547 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Charming & Move In Ready 4 Bedroom, 2 Bathroom home w/ a POOL! The front features a grassy yard (in progress), plenty of slab parking, & a storage shed. There is NO HOA to worry about so bring all your TOYS! Inside the home is SPACIOUS & has stylish vinyl wood plank flooring & new baseboards throughout! The interior is freshly painted, clean & ready for your personalized touches. The Kitchen is open to a living area either direction & has a Pantry that is also a ''discreet'' entrance to Master Suite. The 4th Bedroom could easily be made into an extension of the master suite or utilized as a home office or work out area..whatever your heart desires. Great Storage throughout including built in cabinets in the laundry area.
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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 | $1,450 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$140 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$216
|
||
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.
$269,900
PROJECTED PRICE
$1,450
PROJECTED RENT
0.54%
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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
9.67
YEARS SAVED
$37,631
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,543
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1513 W 7th Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,547 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.94
-
1342 W Emerald Avenue #225 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1979
![property image]()
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,395
- $1.09
-
1051 S Dobson Road #201 Mesa, AZ 3
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,500
- $0.94
-
1347 W 7th Drive Mesa, AZ 4
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1968
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,525
- $0.94
-
507 S Rogers -- Mesa, AZ 5
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970
![property image]()
LEASED 12/14/19- Rent
- Rent Per SQFT
- $1,625
- $1.02
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177278
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
