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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $187.34
- 6 Days on Market
- MLS # : 6161361
- Updated Date : 11/17/2020 at 10:22
CONSTRUCTION
- Beds : 2
- Floor Size : 1,572 sqft
- Baths : 2 full
Listing Agent
Prosmart Realty
Listing Agent's Description
Great Location!! This furnished home is conveniently located walking distance from the main recreational area and auditorium. This home features a large wide-open great room with center island, granite countertops and backsplash, plenty of oak cabinets and a large open eating area. The master is complete with a large walk-in shower. Other features include a large laundry room which doubles as an office with lots of additional cabinets. The two-car garage has a large golf cart storage area/workshop with workbench. The garage, front patio and rear patio have been upgraded with epoxy surface. Other upgrades include water softener, ceiling fans and some sunscreens. Come enjoy this active 55+ community that offers pickleball, tennis, swimming pools, fitness centers, wood shop, library, shows,
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PRICE & RENT TRENDS
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$1,087 |
| Property Tax | -$172 | |
| Property Insurance | -$58 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$79
|
||
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.
$294,500
PROJECTED PRICE
$1,340
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$83,793
LOAN DETAILS
$1,087
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,625 |
| Loan Amount | $220,875 |
4.42
YEARS SAVED
$14,972
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
-
$1,423
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
2131 S Primrose -- Mesa, AZ 1
- 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,572 Sqft ∙ Built 1987
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1250 S Rialto Drive #38 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007
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LEASED 06/14/19- Rent
- Rent Per SQFT
- $1,145
- $0.93
-
9255 E Lompoc Avenue Mesa, AZ 3
- 2 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000
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LEASED 08/30/30- Rent
- Rent Per SQFT
- $1,150
- $0.90
-
2032 S Luther Avenue Mesa, AZ 4
- 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003
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LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
8241 E Medina Avenue Mesa, AZ 5
- 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,500
- $0.90
PROPERTY LISTING DETAILS
Prosmart Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6161361
Last Updated: 11/17/2020
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.
