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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $254.61
- 3 Days on Market
- MLS # : 6167887
- Updated Date : 12/05/2020 at 10:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,842 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
Welcome to NE Mesa's most sought after gated & carefree living community of Entrada w/in Mountain Bridge.This free standing home is move in ready & VERY CLOSE TO BOTH clubhouse, heated pool / spa / fitness. Open floor plan! Foyer opens to a upgraded gorgeous kitchen. Classic cherry cabinets,granite counter tops,SS appliances & huge island.Tile flooring! Informal & formal dining area.Great room w/ the highly sought after ''wall of windows''. Private master suite w/ walk in closet, soaking tub, walk in shower & 2 sinks. Two other bedrooms w/ full bath. Laundry w/ cabinets. Custom paint & plantation shutters. Backyard is stunning! Tile flooring continues onto the patio, built in fridge / BBQ, travertine pavers & beautiful lush landscaping. 2 car garage. All furniture is available for sale
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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 | $1,860 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$243 | |
| Property Insurance | -$63 | |
| HOA | -$105 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$381
|
||
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.
$469,000
PROJECTED PRICE
$1,860
PROJECTED RENT
0.40%
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
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
1.75
YEARS SAVED
$6,356
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,003
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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8924 E Hannibal Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2000
LEASED 07/25/20- Rent
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- $2,100
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LEASED 07/15/19- Rent
- Rent Per SQFT
- $2,200
- $1.07
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167887
Last Updated: 12/05/2020
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.
