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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $202.48
- 2 Days on Market
- MLS # : 6197015
- Updated Date : 02/20/2021 at 14:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,973 sqft
- Baths : 3 full
Listing Agent
Venture Rei, Llc
Listing Agent's Description
Check out this stunning home. Located in desirable Mesa with NO HOA, this incredible property features low maintenance landscaping, a 2 car garage plus slab, and a cozy front porch that welcomes you to the entrance door. Step inside to find an inviting interior offering tiled flooring, designer paint, carpet in all the right places, a large living room, and a bright dining area with a fireplace. The impressive kitchen is equipped with essential appliances, and walk-in pantry. This home features two master bedrooms which includes updated showers and vanity, private toilet room, his/her sink. The serene backyard is your personal paradise with a sparkling pool, and covered patio perfect for relaxing afternoons! Come take a look today.
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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 | $1,660 |
| EXPENSES | Loan Payment | -$1,388 |
| Property Tax | -$207 | |
| Property Insurance | -$66 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$100
|
||
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.
$399,500
PROJECTED PRICE
$1,660
PROJECTED RENT
0.42%
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
$111,618
LOAN DETAILS
$1,388
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,875 |
| Loan Amount | $299,625 |
4.33
YEARS SAVED
$16,922
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
-
$1,736
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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2212 E Enid Avenue Mesa, AZ 1
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2441 E Alpine Avenue Mesa, AZ 2
- 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1969 3 beds 3 baths ∙ 1,756 Sqft ∙ Built 1969
LEASED 12/07/19- Rent
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- $1,499
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1903 E Jarvis Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,997 Sqft ∙ Built 1968
LEASED 11/15/20- Rent
- Rent Per SQFT
- $1,695
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662 S 26th Street Mesa, AZ 4
- 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,850
- $0.89
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3261 E Irwin Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
Venture Rei, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197015
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.
