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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $192.81
- 2 Days on Market
- MLS # : 6193841
- Updated Date : 02/12/2021 at 23:16
CONSTRUCTION
- Beds : 4
- Floor Size : 3,003 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
Come enjoy this beautiful updated single level custom home. No HOA on large corner lot RV gates. Open floor plan large family room vaulted ceilings. Private patio off of master bedroom. Real wood flooring. Huge bonus room with additional storage room. Oversized garage door. Epoxy garage floor, custom garage cabinets. Smart thermostat, door bell, garage opener, and home alarm system. Exterior security cameras. Working splash pad in back yard. Built in wood pizza oven under beautiful pergola. Huge kids play house. Newer A/C units and newer tankless water heater. Home has flood irrigation and sprinkler system front and back yard. Central vac system. Gas and wood burning fireplace with blower. Little exercise room off of the garage.
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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 | $2,210 |
| EXPENSES | Loan Payment | -$2,011 |
| Property Tax | -$300 | |
| Property Insurance | -$86 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$286
|
||
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.
$579,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.38%
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
$159,185
LOAN DETAILS
$2,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $144,750 |
| Loan Amount | $434,250 |
3.17
YEARS SAVED
$14,825
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,472
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
-
2208 N Lazona Drive Mesa, AZ 1
- 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1988 4 beds 3 baths ∙ 3,003 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $2,210
- $0.74
-
1251 E Kramer Circle Mesa, AZ 2
- 5 beds 3 baths ∙ 2,781 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,781 Sqft ∙ Built 2001
LEASED 02/28/20- Rent
- Rent Per SQFT
- $2,400
- $0.86
-
1748 N Lindsay Road Mesa, AZ 3
- 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.80
-
1850 E Kael Street Mesa, AZ 4
- 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,695
- $0.81
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6193841
Last Updated: 02/12/2021
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.
