Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $235.82
- 2 Days on Market
- MLS # : 6196889
- Updated Date : 02/20/2021 at 22:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,680 sqft
- Baths : 2 full
Listing Agent
Az Flat Fee
Listing Agent's Description
Fully Remodeled Home + POOL + NO HOA + Golf Course Lot!! Featuring 3 beds + Den/Work Out Room, 3 Car Garage, and RV gate. Immaculate interior boasts a spacious living room, recessed lighting in all the right places, Luxury Vinyl Plank in main areas, carpet in all bedrooms, and a great room with fireplace & so much space for entertaining. The upgraded white kitchen has shaker cabinets, quartz countertops, new SS appliances, island w/breakfast bar, and a walk-in pantry. Master bedroom has a lavish bathroom with dual sinks, glass shower, walk-in closet, and door to the back patio. AC GARAGE with Extra Height and Extra length 3rd car bay. Oversized backyard offers a large covered patio and swimming pool perfect for the summer. Direct access to the Painted Mountain Golf Resort! Call tod
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Painted Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Painted Mountain
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,040 |
| EXPENSES | Loan Payment | -$2,195 |
| Property Tax | -$328 | |
| Property Insurance | -$79 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$662
|
||
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.
$632,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.32%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.3% |
| 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
$173,230
LOAN DETAILS
$2,195
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $158,000 |
| Loan Amount | $474,000 |
0.83
YEARS SAVED
$2,082
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
-
$2,553
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2256 N 63rd Place Mesa, AZ 1
- 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,680 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2329 N Recker Road #39 Mesa, AZ 2
- 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 1995
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,799
- $0.72
-
6638 E Melrose Street Mesa, AZ 3
- 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,550
- $1.09
-
3055 N Red Mountain -- #153 Mesa, AZ 4
- 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1996
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,695
- $1.10
-
2050 N Piedra -- Mesa, AZ 5
- 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001
LEASED 12/04/20- Rent
- Rent Per SQFT
- $2,700
- $0.90
PROPERTY LISTING DETAILS
Az Flat Fee
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196889
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.
