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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $174.81
- 4 Days on Market
- MLS # : 6169704
- Updated Date : 12/10/2020 at 15:46
CONSTRUCTION
- Beds : 4
- Floor Size : 4,748 sqft
- Baths : 3 full , 1 half
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
WOW! 4BD/3.5BA SINGLE-LEVEL on HUGE CORNER LOT w/SPARKLING POOL & MOVE-IN READY! SPACIOUS WORKSHOP w/half bath & space for RV PARKING is perfect for the hobbyist or guest house conversion! NO HOA! 3-CAR GARAGE! HUGE BONUS RM! Vaulted ceilings & plenty of lg windows make this home OPEN & BRIGHT. Kitchen w/GRANITE counters, SS appliances including a DOUBLE OVEN & deep walk-in pantry. Gas fireplace in LR. Master suite boasts TWO walk-in showers & private entry to the backyard! LUSH backyard featuring mature trees, ramada, built-in BBQ area & lg covered patio is perfect space to entertain. Community amenities include a children's playground & various sport courts! Close to Loop 202 & more! **Exclusive opportunity to save thousands on this purchase! Ask your agent for more details!
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PRICE & RENT TRENDS
Neighborhood: Estate Grove and Valencia Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estate Grove and Valencia Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,130 |
| EXPENSES | Loan Payment | -$3,062 |
| Property Tax | -$565 | |
| Property Insurance | -$120 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$716
|
||
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.
$830,000
PROJECTED PRICE
$3,130
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$225,700
LOAN DETAILS
$3,062
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $207,500 |
| Loan Amount | $622,500 |
1.42
YEARS SAVED
$7,523
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$3,130
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$3,229
COMP ESTIMATED VALUE -
$0.68
COMP AVG. RENT PER SQFT
Comps Range
-
1957 N 39th Street Mesa, AZ 1
- 4 beds 4 baths ∙ 4,748 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,748 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $3,130
- $0.66
-
3745 E Ellis Street #0 Mesa, AZ 2
- 5 beds 5 baths ∙ 4,677 Sqft ∙ Built 2012 5 beds 5 baths ∙ 4,677 Sqft ∙ Built 2012
LEASED 09/13/19- Rent
- Rent Per SQFT
- $3,200
- $0.68
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169704
Last Updated: 12/10/2020
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.
