Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
It's free, with no obligation
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.
SEE MORE
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
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.