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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $203.74
- 2 Days on Market
- MLS # : 6174629
- Updated Date : 01/02/2021 at 04:03
CONSTRUCTION
- Beds : 3
- Floor Size : 1,472 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
IMMACULATE TURN KEY 3 BEDROOM/2 BATHROOM ONE STORY, NO HOA HOME IN DESIRABLE MESA LOCATION. CONVENIENTLY LOCATED CLOSE TO LIGHT RAIL, 101/202 AND 60 FREEWAYS. GREAT CURB APPEAL WITH BEAUTIFUL SHADE TREES. GORGEOUS REMODELED KITCHEN WITH QUARTZ COUNTER TOPS, NEW COUNTERS,CABINETS WITH GAS STOVE, STAINLESS STEEL APPLIANCES. LARGE OPEN FAMILY ROOM OFF OF EAT IN KITCHEN, GREAT FOR ENTERTAINING! SEPARATE LIVING/SITTING ROOM. ALL BEDROOMS ARE GENEROUSLY SIZED WITH GREAT CLOSET SPACE! MASTER SUITE WITH PRIVATE 3/4 BATH. INSIDE LAUNDRY! ENJOY RELAXING AFTERNOONS AND SUNSETS WITH NORTH/SOUTH EXPOSURE, PERFECTLY SIZED BACKYARD WITH COVERED PATIO, STORAGE SHED. MINUTES TO DOWNTOWN MESA, MESA RIVERVIEW, TEMPE MARKETPLACE, SKY HARBOR HARBOR AIRPORT, CLOSE TO RESTAURANTS AND MOVIE THEATERS!!
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PRICE & RENT TRENDS
Neighborhood: Casa Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Casa Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,460 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$156 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$43
|
||
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.
$299,900
PROJECTED PRICE
$1,460
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 12.0% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
6.5
YEARS SAVED
$26,663
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,579
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1704 W Auburn Street Mesa, AZ 2
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $0.99
-
540 N May -- #3122 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,306 Sqft ∙ Built 1980
![property image]()
LEASED 12/22/20- Rent
- Rent Per SQFT
- $1,400
- $1.07
-
737 N Santa Anna Circle Mesa, AZ 3
- 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1974
![property image]()
LEASED 05/02/20- Rent
- Rent Per SQFT
- $1,495
- $1.12
-
2123 W 1st Place Mesa, AZ 4
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1958
![property image]()
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,595
- $0.98
-
1810 W 5th Street Mesa, AZ 5
- 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1957
![property image]()
LEASED 08/29/20- Rent
- Rent Per SQFT
- $1,995
- $1.12
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174629
Last Updated: 01/02/2021
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.
