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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $209.56
- 1 Days on Market
- MLS # : 6197268
- Updated Date : 02/21/2021 at 05:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,720 sqft
- Baths : 3 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Gorgeous Brick Tri- Level. Remodeled home. This home features wood flooring, Vaulted ceilings with White beams and shiplap. Barn door TV Center. Shaker Cabinets in custom gourmet kitchen with kitchen-aid appliances. Leathered Quartzite countertops. Farm sink. Booth Seating, bench and office area within kitchen. Bathrooms have custom tile floors and surround, stylish fixtures, updated vanities, free standing soaking tub. Master bedroom has view of backyard, walk in closet, and vanity. 2 Bedrooms have decorative wood statement walls. Basement features wood burning fireplace with custom shelving, large laundry room, and large secondary bedroom. Custom lighting throughout. Walkout basement with sunken patio with salteo tile.Outdoor bbq, large diving pool, RV gate. Mature trees and landscaping
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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 | $2,440 |
| EXPENSES | Loan Payment | -$1,980 |
| Property Tax | -$296 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$15
|
||
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.
$569,999
PROJECTED PRICE
$2,440
PROJECTED RENT
0.43%
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
$156,800
LOAN DETAILS
$1,980
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $142,500 |
| Loan Amount | $427,499 |
5.5
YEARS SAVED
$34,364
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
-
$2,516
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
2065 E Kael Circle Mesa, AZ 1
- 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,720 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1230 E Gary Circle Mesa, AZ 2
- 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,481 Sqft ∙ Built 1991
LEASED 01/24/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
-
3012 E Hermosa Vista Drive Mesa, AZ 3
- 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1993
LEASED 01/20/21- Rent
- Rent Per SQFT
- $2,400
- $0.94
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197268
Last Updated: 02/21/2021
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.
