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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $212.32
- 3 Days on Market
- MLS # : 6196737
- Updated Date : 02/19/2021 at 23:35
CONSTRUCTION
- Beds : 3
- Floor Size : 1,380 sqft
- Baths : 2 full , 1 half
Listing Agent
Opendoor Brokerage, Llc
Listing Agent's Description
This Mesa two-story home offers a patio, granite countertops, and a two-car garage. This home is vacant and cleaned regularly.
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PRICE & RENT TRENDS
Neighborhood: Augusta Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Augusta Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$1,018 |
| Property Tax | -$177 | |
| Property Insurance | -$54 | |
| HOA | -$138 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$176
|
||
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.
$293,000
PROJECTED PRICE
$1,310
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$83,395
LOAN DETAILS
$1,018
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $73,250 |
| Loan Amount | $219,750 |
2.17
YEARS SAVED
$4,116
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,418
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.98
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2024 S 2024 S Baldwin -- #112 Mesa, AZ 3
- 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,500
- $1.08
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2031 S Alicia -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2000
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,549
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1646 S Chatsworth -- Mesa, AZ 5
- 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
PROPERTY LISTING DETAILS
Opendoor Brokerage, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196737
Last Updated: 02/19/2021
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.
