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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $179.58
- 2 Days on Market
- MLS # : 6184858
- Updated Date : 01/24/2021 at 05:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,587 sqft
- Baths : 2 full , 1 half
Listing Agent
Dpr Realty Llc
Listing Agent's Description
This house is ready for you! Imagine the possibilities. This quaint 3 bedroom home is located in the desired North Mesa area of 85213. Near the 202 freeway and major shopping and restaurants. Please schedule Showings only on 1/23 Sat and 1/24 Sun from 9am-6pm.
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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 | $1,400 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$194 | |
| Property Insurance | -$58 | |
| HOA | -$75 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$16
|
||
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.
$285,000
PROJECTED PRICE
$1,400
PROJECTED RENT
0.49%
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
$81,275
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
5.17
YEARS SAVED
$14,921
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,400
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,520
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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2065 N 29th Place Mesa, AZ 4
- 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,587 Sqft ∙ Built 1999
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- Rent
- Rent Per SQFT
- $1,400
- $0.88
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2848 E Brown Road #33 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1986
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LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,350
- $1.00
-
2059 N 30th Street Mesa, AZ 2
- 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1999
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LEASED 09/05/20- Rent
- Rent Per SQFT
- $1,395
- $1.00
-
2111 N 30th Street Mesa, AZ 3
- 4 beds 3 baths ∙ 1,552 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,552 Sqft ∙ Built 1998
![property image]()
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,400
- $0.90
-
2630 E Menlo Street Mesa, AZ 5
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
PROPERTY LISTING DETAILS
Dpr Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184858
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.
