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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $192.39
- 3 Days on Market
- MLS # : 6186822
- Updated Date : 01/29/2021 at 18:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,391 sqft
- Baths : 2 full
Listing Agent
Just Selling Az
Listing Agent's Description
Located on the 2nd TEE BOX of the Prestigious AUGUSTA RANCH GOLF COURSE Community. Popular Single level SPLIT FLOORPLAN featuring 3 bedrooms & Den, 10' Ceilings Throughout with COFFERED Ceiling in Entry, LARGE WINDOWS across the back of the home for FABULOUS GOLF COURSE VIEWS & lots of NATURAL LIGHT! SPACIOUS Kitchen w/GRANITE counter tops, ISLAND, BREAKFAST BAR, Lg pantry, EAT-IN Area & OPEN to Family room easy for ENTERTAINING! Roomy master suite w/separate shower & large soaking tub and dual sinks, and walk-in closet. OVERSIZE LAUNDRY room. Large 9600 sq ft Lot w/Low Maintenance. Desert Landscape Front and Back. AWESOME HOME and it's in the GILBERT School District!
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PRICE & RENT TRENDS
Neighborhood: Augusta Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Augusta Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,598 |
| Property Tax | -$278 | |
| Property Insurance | -$74 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$310
|
||
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.
$460,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| 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
$127,650
LOAN DETAILS
$1,598
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $115,000 |
| Loan Amount | $345,000 |
2.08
YEARS SAVED
$5,999
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$1,913
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
-
2334 S Vincent -- Mesa, AZ 2
- 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,760
- $0.74
-
9330 E Onza Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.74
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2539 S Warren Street Mesa, AZ 3
- 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1999
LEASED 10/20/20- Rent
- Rent Per SQFT
- $1,775
- $0.75
-
1738 S Rialto -- Mesa, AZ 4
- 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1997
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,995
- $0.85
-
1714 S Rialto Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.86
PROPERTY LISTING DETAILS
Just Selling Az
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186822
Last Updated: 01/29/2021
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.
