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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $223.84
- 2 Days on Market
- MLS # : 6196985
- Updated Date : 02/20/2021 at 15:32
CONSTRUCTION
- Beds : 5
- Floor Size : 1,720 sqft
- Baths : 2 full
Listing Agent
Keller Williams Southern Az
Listing Agent's Description
Complete remodel, turn key home! 5 beds, 2 baths, 1,720 sqft. Open floor plan concept with lots of natural light. Brand new hard flooring, updated kitchen, new cabinets, counters, lighting, appliances; all the work has been done for you! Updated bathrooms, including master bath. Pergola on back patio with finished landscape and more modern details throughout! Front yard boasts wood planters, custom landscape, and custom built modern mailbox! Conveniently located near the 101 and retail shops. This home is move-in ready and won't last long!
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PRICE & RENT TRENDS
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$200 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$385,000
PROJECTED PRICE
$1,710
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
5.67
YEARS SAVED
$24,524
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,853
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
2205 W Plata Circle Mesa, AZ 1
- 5 beds 2 baths ∙ 1,720 Sqft ∙ Built 1980 5 beds 2 baths ∙ 1,720 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
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1329 W Cortez Court Chandler, AZ 2
- 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,582 Sqft ∙ Built 1986
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,700
- $1.07
-
2066 W Peralta Avenue Mesa, AZ 3
- 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,799
- $1.11
-
2626 W Onza Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,950
- $1.03
-
3207 N Brentwood Place Chandler, AZ 5
- 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.10
PROPERTY LISTING DETAILS
Keller Williams Southern Az
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196985
Last Updated: 02/20/2021
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.
