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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $231.75
- 3 Days on Market
- MLS # : 6165259
- Updated Date : 11/27/2020 at 11:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,575 sqft
- Baths : 2 full
Listing Agent
Offerpad
Listing Agent's Description
Don't miss this single story home in Boulder Mountain Highlands! This home has been refreshed with new interior paint throughout. Formal living and dining room off the entry and a family open to the kitchen at the back of the home. The kitchen features granite countertops and stainless steel appliances. The primary bedroom has a full ensuite bathroom with dual sinks in a granite vanity, separate shower and tub, and a walk in closet. Two additional bedrooms and a home office down the hallway. The backyard has a covered patio extended for an area for a BBQ and outdoor furniture. Close to shopping and dining, parks, golf, hiking and biking trails and easy freeway access. Vacant and ready for viewing, come see!
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PRICE & RENT TRENDS
Neighborhood: Boulder Mountain Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Boulder Mountain Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$189 | |
| Property Insurance | -$58 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$97
|
||
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.
$365,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
4.25
YEARS SAVED
$17,221
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,736
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
2316 N Adair Circle Mesa, AZ 1
- 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,620
- $1.03
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2310 N Adair Circle Mesa, AZ 2
- 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2000
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.11
-
9628 E Gary Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2002
LEASED 12/02/19- Rent
- Rent Per SQFT
- $1,950
- $1.08
-
2348 N Malachite -- Mesa, AZ 4
- 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,950
- $1.08
-
8505 E Indigo Street Mesa, AZ 5
- 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2008
LEASED 06/15/19- Rent
- Rent Per SQFT
- $2,000
- $1.14
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165259
Last Updated: 11/27/2020
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.
