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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $203.36
- 4 Days on Market
- MLS # : 6162294
- Updated Date : 11/21/2020 at 18:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,549 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Realty Phoenix
Listing Agent's Description
Beautifully updated home in a very quiet neighborhood, brand new roof, renovated kitchen with modern granite counter tops. Updated flooring, updated plumbing fixtures. Newer Stainless Steel Appliances and new blinds throughout. Comes with the Maytag washer and dryer. Nice backyard with a lighted and powered shed for extra storage. New interior and exterior paint. Move in ready! Open House Dates Are : Friday 11/20 4:00pm-6:00pmSaturday 11/21 11:00am-1:00pmSunday. 11/22 11:00am-1:00pm
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PRICE & RENT TRENDS
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$163 | |
| Property Insurance | -$57 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$28
|
||
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.
$315,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
6.25
YEARS SAVED
$26,278
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,592
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
1817 S Westwood Street Mesa, AZ 2
- 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,510
- $0.97
-
2142 S Emerson Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1977
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,495
- $1.04
-
641 W Laguna Azul Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,525
- $1.01
-
1345 W Laguna Azul Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978
LEASED 09/05/20- Rent
- Rent Per SQFT
- $1,645
- $1.00
-
1217 W Keats Avenue Mesa, AZ 5
- 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1983
LEASED 07/27/20- Rent
- Rent Per SQFT
- $1,675
- $1.06
PROPERTY LISTING DETAILS
Keller Williams Realty Phoenix
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162294
Last Updated: 11/21/2020
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.
