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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $250.79
- 2 Days on Market
- MLS # : 6195310
- Updated Date : 02/20/2021 at 08:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,575 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful Home in Boulder Mountain Gated Community. Single level on a Large interior corner lot. Extended garage & extra slab parking with RV gate. Shutters on the windows which you'll love. Beautiful plank tile in a neutral tone, new carpet, in 2020 Interior Paint, SS Appliances, Tile shower, AC serviced new Fan Capacitors, Blower Motor & cleaned. Granite counters in the well designed kitchen w/loads of storage & some pull out shelves. Separate living & family room areas with a big pool size backyard with a covered patio. A large garden area along the raised back wall that can produce fresh veggies. Zaharis Elementary is the neighborhood school & Arroyo Park is close by with Usery Park, The Lake & Salt River too. Near to shopping, medical, recreational areas, airport & freeway
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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 | $1,730 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$205 | |
| Property Insurance | -$58 | |
| HOA | -$25 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$29
|
||
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.
$395,000
PROJECTED PRICE
$1,730
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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
5.08
YEARS SAVED
$20,451
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,733
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
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9019 E Fox Street Mesa, AZ 3
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LEASED 06/01/20- Rent
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9628 E Gary Street Mesa, AZ 4
- 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
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2348 N Malachite -- Mesa, AZ 5
- 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
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6195310
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.
