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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $204.94
- 2 Days on Market
- MLS # : 6184916
- Updated Date : 01/23/2021 at 17:14
CONSTRUCTION
- Beds : 2
- Floor Size : 1,195 sqft
- Baths : 2 full
Listing Agent
Century 21 Arizona Foothills
Listing Agent's Description
2 bedroom, 2 bathroom home located in desirable Dreamland Villa 55+ Active Adult Retirement Community. This home was completely remodeled in 2017, including a brand new kitchen, porcelain wood plank tile flooring through out, custom doors, 3 inch molding. The master suite features dual, spacious closets*Ceiling fans*Blinds on all windows*Large enclosed Arizona room* Separate large Laundry/Workshop room with sink. Brand new 14 seer A/C Heat pump installed summer of 2020. Couch and loveseat stays and also washer and dryer and inside refrigerator. Easy care maintenance yard with beautiful rose garden and citrus trees & RV gate.
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PRICE & RENT TRENDS
Neighborhood: Dreamland Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreamland Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$851 |
| Property Tax | -$144 | |
| Property Insurance | -$51 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$21
|
||
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.
$244,900
PROJECTED PRICE
$1,170
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.1% |
| 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
$70,649
LOAN DETAILS
$851
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $61,225 |
| Loan Amount | $183,675 |
5
YEARS SAVED
$12,314
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,228
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
165 N 61st Way N Mesa, AZ 1
- 2 beds 2 baths ∙ 1,195 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,195 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5409 E Butte Street Mesa, AZ 2
- 2 beds 1 baths ∙ 1,144 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,144 Sqft ∙ Built 1960
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,175
- $1.03
-
319 N 61st Way Mesa, AZ 3
- 2 beds 2 baths ∙ 1,231 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,231 Sqft ∙ Built 1973
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,200
- $0.97
-
5478 E Albany Street Mesa, AZ 4
- 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1959 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1959
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,250
- $1.04
-
6257 E Dodge Street Mesa, AZ 5
- 2 beds 2 baths ∙ 1,213 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,213 Sqft ∙ Built 1970
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,295
- $1.07
PROPERTY LISTING DETAILS
Century 21 Arizona Foothills
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184916
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.
