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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $199.88
- 2 Days on Market
- MLS # : 6197151
- Updated Date : 02/20/2021 at 20:51
CONSTRUCTION
- Beds : 2
- Floor Size : 1,676 sqft
- Baths : 2 full
Listing Agent
Re/max Classic
Listing Agent's Description
You are going to love this move in ready, updated home in Leisure World. The moment you arrive you will notice the meticulously maintained yard and home. The large, private front courtyard is perfect for relaxing or entertaining. This is the popular Greenbriar Floor Plan with its large bedrooms and huge walk in closet(s) The kitchen has been updated with beautiful granite countertops. Both bathrooms have been completely updated and the master bath has an amazing walk in shower. The furniture is available on a separate bill of sale. All this in the Premiere Active Adult Community of Leisure World with 36 holes of private golf, new tennis complex, pickle ball, swimming pools, library, state of the art fitness center, theater, arts and crafts, billiard room, and much more!!
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PRICE & RENT TRENDS
Neighborhood: Leisure World
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Leisure World
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,164 |
| Property Tax | -$197 | |
| Property Insurance | -$60 | |
| HOA | -$290 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$270
|
||
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.
$335,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.0% |
| 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
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
1.33
YEARS SAVED
$2,095
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,538
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
1673 Leisure World -- Mesa, AZ 5
- 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,676 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,540
- $0.92
-
163 N 58th Street Mesa, AZ 1
- 2 beds 2 baths ∙ 1,328 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,328 Sqft ∙ Built 1971
LEASED 10/05/19- Rent
- Rent Per SQFT
- $1,200
- $0.90
-
6522 E Boston Street Mesa, AZ 2
- 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 1978
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
964 Leisure World -- Mesa, AZ 3
- 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,536 Sqft ∙ Built 1978
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,525
- $0.99
-
928 Leisure World -- Mesa, AZ 4
- 2 beds 2 baths ∙ 1,662 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,662 Sqft ∙ Built 1978
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,525
- $0.92
PROPERTY LISTING DETAILS
Re/max Classic
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197151
Last Updated: 02/20/2021
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.
