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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $175.14
- 2 Days on Market
- MLS # : 6165464
- Updated Date : 11/28/2020 at 16:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,770 sqft
- Baths : 2 full , 1 half
Listing Agent
Tierra Bella Realty
Listing Agent's Description
Stop searching! This cul-de-sac home in desirable Mesa is the one you have been looking for! Offering great curb appeal, balcony with amazing mountain views, RV gate, and easy care gravel front landscaping. Fantastic interior is a dream come true complete with 3 bed, 2.5 bath, plantation shutters, neutral color palette, archways throughout, and cozy fireplace ideal for this winter. Practice your cooking skills in this impeccable eat-in kitchen providing black matching appliances, granite counter-tops, breakfast bar, plenty cabinet space, and fluorescent lighting. Double-door master suite includes private exit and lavish full bath with dual vanity and walk-in closet. Incredible backyard with covered patio and sparkling blue pool is ready to enjoy. You know you have found the one. Call now!
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PRICE & RENT TRENDS
Neighborhood: Sunrise at College Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunrise at College Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$1,144 |
| Property Tax | -$161 | |
| Property Insurance | -$62 | |
| HOA | -$132 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$83
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$310,000
PROJECTED PRICE
$1,680
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$87,900
LOAN DETAILS
$1,144
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $77,500 |
| Loan Amount | $232,500 |
6.58
YEARS SAVED
$28,167
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,801
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
2145 N Terripin Circle Mesa, AZ 1
- 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,680
- $0.95
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7255 E Northridge Street Mesa, AZ 2
- 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002
LEASED 05/12/20- Rent
- Rent Per SQFT
- $1,730
- $0.93
-
7218 E Northridge Street Mesa, AZ 3
- 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2003
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
7236 E Melrose Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,605 Sqft ∙ Built 2001
LEASED 09/10/20- Rent
- Rent Per SQFT
- $1,795
- $1.12
-
2919 N Athena -- Mesa, AZ 5
- 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,850
- $1.05
PROPERTY LISTING DETAILS
Tierra Bella Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165464
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.
