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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $280.05
- 2 Days on Market
- MLS # : 6190840
- Updated Date : 02/06/2021 at 13:30
CONSTRUCTION
- Beds : 3
- Floor Size : 2,321 sqft
- Baths : 3 full
Listing Agent
Superlative Realty
Listing Agent's Description
Highly upgraded, stunning home in the prestigious Mountain Bridge subdivision. Private corner lot with no neighbors directly behind, offering a spectacular view of the beautiful sunsets & city lights. Highly coveted sliding wall of glass opens up to the outdoor living area & a large covered patio w/remote controlled awnings & sunscreens. Enjoy outdoor living at its finest with a resort-like backyard, gas heated pebble tech pool & spa, water feature, freestanding fireplace & putting green. Split, open floor plan with 10' ceilings, crown molding & plantation shutters. Kitchen has the finest upgrades with beautiful cabinets, granite counters, backsplash, large island, SS appliances & walk-in pantry. Master suite is split from the other bedrooms, has dual sinks, separate tub/shower & huge walk
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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 | $2,660 |
| EXPENSES | Loan Payment | -$2,258 |
| Property Tax | -$337 | |
| Property Insurance | -$72 | |
| HOA | -$55 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$161
|
||
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.
$650,000
PROJECTED PRICE
$2,660
PROJECTED RENT
0.41%
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
$178,000
LOAN DETAILS
$2,258
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
4.33
YEARS SAVED
$26,920
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,437
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/20/20- Rent
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- $2,200
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9765 E Inglewood Circle Mesa, AZ 4
- 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2008
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,400
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LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,600
- $1.07
PROPERTY LISTING DETAILS
Superlative Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190840
Last Updated: 02/06/2021
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.
