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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $215.78
- 3 Days on Market
- MLS # : 6187524
- Updated Date : 01/31/2021 at 00:25
CONSTRUCTION
- Beds : 4
- Floor Size : 2,155 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
THIS IS THE ONE YOU'VE BEEN WAITING FOR!! This property is located in beautiful north Mesa, and has all the right features to get even the most discerning buyer excited! When you first pull up, you will notice the beautiful landscaping, which features artificial turf, succulents, and more - all on automatic timers! You may also even notice the home has been freshly painted, and even has RV gates on BOTH sides of the home - NICE!! As you enter the home you will be impressed by the gorgeous flooring, custom artisan paint, and recessed lighting everywhere! Proceed to the kitchen and you will see custom staggered cabinetry with soft-close doors and pull-out drawers, elegant quartz counter-tops, and high-end stainless appliances! (click to see more!)
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PRICE & RENT TRENDS
Neighborhood: Kenwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kenwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$241 | |
| Property Insurance | -$69 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$315
|
||
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.
$465,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.37%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$128,975
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,250 |
| Loan Amount | $348,750 |
2.17
YEARS SAVED
$6,476
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,816
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
1535 E Kenwood Street Mesa, AZ 3
- 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $1,710
- $0.79
-
1924 E Jacaranda Circle Mesa, AZ 1
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
![property image]()
LEASED 08/15/19- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
1836 N Stapley Drive #47 Mesa, AZ 2
- 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995
![property image]()
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,650
- $0.87
-
1550 N Stapley Drive #29 Mesa, AZ 4
- 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977
![property image]()
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,850
- $0.81
-
1758 N Nevada Way Mesa, AZ 5
- 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187524
Last Updated: 01/31/2021
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.
