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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $175.03
- 2 Days on Market
- MLS # : 6165484
- Updated Date : 11/28/2020 at 21:58
CONSTRUCTION
- Beds : 3
- Floor Size : 1,942 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Turnkey home built in 2017 in Albany. Community offers a large community pool, play grounds and lots of green grass for the kids or your dog. This 3 Bedroom Plus Loft home is on the Greenbelt (only 1 of 12 lots in the community in the greenbelt). Great Room Floorplan with Kitchen offering lots of cabinets and Granite Counter space with large Island. Tile t/o the 1st level. Finished side yard with no maintenance artificial grass and pavers. Ceiling fans, blinds, washer & dryer make this home ready for your buyer to move-in.
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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 | $1,580 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$213 | |
| Property Insurance | -$65 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$144
|
||
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.
$339,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.46%
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
$95,824
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,975 |
| Loan Amount | $254,925 |
3.5
YEARS SAVED
$11,950
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,728
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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214 N Sandal -- Mesa, AZ 2
- 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,580
- $0.81
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6710 E University Drive #134 Mesa, AZ 1
- 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,395
- $0.86
-
304 N 56th Place Mesa, AZ 3
- 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2018
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.92
-
229 N Sandal -- Mesa, AZ 4
- 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,700
- $0.88
-
234 N 56th Place Mesa, AZ 5
- 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018
LEASED 09/18/20- Rent
- Rent Per SQFT
- $1,745
- $0.90
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165484
Last Updated: 11/28/2020
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.
