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PROPERTY INFO
FACTS
- Built In 1979
- Price/Sqft : $195.54
- 2 Days on Market
- MLS # : 6154946
- Updated Date : 11/02/2020 at 17:02
CONSTRUCTION
- Beds : 4
- Floor Size : 2,199 sqft
- Baths : 3 full
Listing Agent
Maclay Real Estate
Listing Agent's Description
Your search for your new home is over! Make meaningful memories in this spacious, updated home, with a perfectly manicured yard on a large 1/3 acre lot in the established prestigious Dobson Ranch community! There is plenty of room for your vehicles and other items in the over- sized 3 car garage, complete with customized shelving and extra space for a comfortable lifestyle. Outdoors, relax on the large deck and patio and take a dip in the pool. All of this, along with the beautifully manicured grounds, gives this home a vacation feel! Home also features a wide expanse of windows for a bright and sunny interior, updated open kitchen, formal living room, spacious family room, spacious family room with fireplace and computer niche, RV gate, new A/C , minutes to freeways, airport and MCC!
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PRICE & RENT TRENDS
Neighborhood: Dobson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dobson Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,587 |
| Property Tax | -$223 | |
| Property Insurance | -$70 | |
| HOA | -$15 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$154
|
||
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.
$430,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.2% |
| 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
$119,700
LOAN DETAILS
$1,587
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
4
YEARS SAVED
$18,805
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,155
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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1564 W Lindner Avenue Mesa, AZ 2
- 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1979
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- Rent
- Rent Per SQFT
- $1,840
- $0.84
-
1726 S Henkel Circle Mesa, AZ 1
- 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.90
-
2110 E Dunbar Drive Tempe, AZ 3
- 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973
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LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,900
- $0.99
-
2636 W Laguna Azul Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
![property image]()
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.95
-
1530 W Keating Avenue Mesa, AZ 5
- 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1977
![property image]()
LEASED 11/15/19- Rent
- Rent Per SQFT
- $2,200
- $1.08
PROPERTY LISTING DETAILS
Maclay Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154946
Last Updated: 11/02/2020
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.
