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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $146.14
- 4 Days on Market
- MLS # : 6166410
- Updated Date : 12/03/2020 at 12:58
CONSTRUCTION
- Beds : 2
- Floor Size : 1,608 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome home to this charming 2 bed, 2.5 bathroom Townhome in Mesa! This home features a wonderful open floorplan with tons of natural light! Throughout the home, there are durable laminate wide plank wood floors and beautiful tile in the kitchen, dining area and bathrooms. Your kitchen showcases ample cabinet space, matching wood blinds on the windows, granite countertops and matching appliances! The two master bedrooms are both spacious and feature walk-in closets! Each bedroom has it's own master bathroom and there is a half-bath downstairs for guests! The back patio features beautiful landscaping and space to sit and relax in the shade. The home is an end unit that is adjacent to a large greenspace and close by the community pool. Additional upgrades include black-out cellular shades
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PRICE & RENT TRENDS
Neighborhood: Mesa Madrid
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mesa Madrid
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$122 | |
| Property Insurance | -$59 | |
| HOA | -$180 | |
| 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.
$235,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.6% |
| 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
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
5.42
YEARS SAVED
$15,951
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,431
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
225 N Standage -- #86 Mesa, AZ 3
- 2 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967 2 beds 3 baths ∙ 1,608 Sqft ∙ Built 1967
- Rent
- Rent Per SQFT
- $1,340
- $0.83
-
205 N Lebaron -- #102 Mesa, AZ 1
- 2 beds 2 baths ∙ 1,352 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,352 Sqft ∙ Built 1986
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,200
- $0.89
-
222 W Brown Road #43 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,343 Sqft ∙ Built 1981
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,200
- $0.89
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166410
Last Updated: 12/03/2020
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.
