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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $210.87
- 2 Days on Market
- MLS # : 6184907
- Updated Date : 01/24/2021 at 00:53
CONSTRUCTION
- Beds : 2
- Floor Size : 1,067 sqft
- Baths : 2 full
Listing Agent
Re/max Solutions
Listing Agent's Description
Professional photos Coming soon: You want a single family home with community pool close to everything(shopping the 202 freeway and the Cubs training center). How about a New 2020 AC system over 7500 dollars or newer sun screens, Upscale new lighting throughout, fancy new ceiling fans. ALSO 1200.00 50 AMP garage plug in(Telsa, motorhome, camper, extras to plug in). All new flooring in 2020, Vaulted ceilings , 3500.00 Bath remodel, all new blinds throughout, split floorplan. Just try and find another home with these upgrades in East Valley for less. seller has put over 20K into home in last 2 years. Home is in need of exterior paint and seller offering a 1500.00 credit for this to be done by buyer. HURRY this wont last and is priced very well, agents check remarks!
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PRICE & RENT TRENDS
Neighborhood: NCRA
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: NCRA
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,240 |
| EXPENSES | Loan Payment | -$782 |
| Property Tax | -$117 | |
| Property Insurance | -$48 | |
| HOA | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$115
|
||
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.
$225,000
PROJECTED PRICE
$1,240
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.6% |
| 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
$65,375
LOAN DETAILS
$782
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
7.92
YEARS SAVED
$22,908
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
-
$1,078
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
1932 N Mesa Drive #1 Mesa, AZ 1
- 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1998 2 beds 2 baths ∙ 1,067 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1856 N Spring Street #201 Mesa, AZ 2
- 2 beds 1 baths ∙ 867 Sqft ∙ Built 1984 2 beds 1 baths ∙ 867 Sqft ∙ Built 1984
LEASED 12/13/19- Rent
- Rent Per SQFT
- $850
- $0.98
-
1856 N Spring Street #102 Mesa, AZ 3
- 2 beds 1 baths ∙ 867 Sqft ∙ Built 1984 2 beds 1 baths ∙ 867 Sqft ∙ Built 1984
LEASED 08/15/20- Rent
- Rent Per SQFT
- $900
- $1.04
-
1505 N Center Street #121 Mesa, AZ 4
- 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,224 Sqft ∙ Built 2001
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,195
- $0.98
-
1430 N Ashland -- Mesa, AZ 5
- 2 beds 1 baths ∙ 1,246 Sqft ∙ Built 1982 2 beds 1 baths ∙ 1,246 Sqft ∙ Built 1982
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,295
- $1.04
PROPERTY LISTING DETAILS
Re/max Solutions
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184907
Last Updated: 01/24/2021
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.
