Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $247.59
- 3 Days on Market
- MLS # : 6199627
- Updated Date : 02/26/2021 at 21:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,454 sqft
- Baths : 2 full
Listing Agent
Prosmart Realty
Listing Agent's Description
SHOWINGS STARTING SATURDAY AT 9 AM. This home has a backyard that is an entertainers delight, turf grass, shade trees with a heated pebble sheen pool (2006), slide and waterfall grotto area, large step area, ranging from 3 feet in depth to 12 feet, salt option, in floor cleaning system, pool cover, remote, dual fiber optic lighting, misting system and even an above ground spa EcoSpa Hardcover (2018). Two RV gates, motion security system, security door, my q garage door opener, garage door installed (2016) House just had stucco and paint done (2020-2021). Kitchen was remodeled (2006) with Bosch SS appliances, a moveable kitchen island and new lighting, corian counters and cabinets. There is an additional storage of kitchen. The laundry has cabinets and pantry area. See more...
SEE MORE
PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$158 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$173
|
||
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.
$359,990
PROJECTED PRICE
$1,390
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$101,147
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $89,998 |
| Loan Amount | $269,993 |
3.33
YEARS SAVED
$9,993
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,494
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1727 E Impala Avenue Mesa, AZ 1
- 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,390
- $0.96
-
1333 E Grove Circle Mesa, AZ 2
- 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979
LEASED 02/22/20- Rent
- Rent Per SQFT
- $1,500
- $1.03
-
415 W Gary Avenue Gilbert, AZ 3
- 3 beds 3 baths ∙ 1,611 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,611 Sqft ∙ Built 1997
LEASED 09/21/19- Rent
- Rent Per SQFT
- $1,595
- $0.99
-
1748 E Irwin Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,700
- $1.04
-
1333 N Brittany Lane Gilbert, AZ 5
- 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1988
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,800
- $1.05
PROPERTY LISTING DETAILS
Prosmart Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6199627
Last Updated: 02/26/2021
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.
