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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $173.45
- 6 Days on Market
- MLS # : 6164454
- Updated Date : 11/24/2020 at 15:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,989 sqft
- Baths : 2 full , 1 half
Listing Agent
West Usa Realty
Listing Agent's Description
This two-story property centered in desirable Mesa is your dream home. Providing great curb appeal, a front porch ideal for relaxing afternoons, and beautiful grassy landscaping. Come take a look at this bright and welcoming interior offering everything you have been looking for. Starting with 3 bed, 2.5 bath, living/dining area, and designer paint. Enjoy cooking in this lovely eat-in kitchen complete with fireplace, centered island, honey oak cabinetry, pantry, track lighting, sparkling clean appliances, and so much more. Inside this unique master suite you will find a walk-in closet and spotless full bath with dual sinks. Enjoy your gatherings in this perfectly sized backyard with covered patio and grassy area. Close to the 202 and 60. Truly an amazing home you must see!
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PRICE & RENT TRENDS
Neighborhood: Marbella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Marbella
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,530 |
| EXPENSES | Loan Payment | -$1,273 |
| Property Tax | -$208 | |
| Property Insurance | -$66 | |
| HOA | -$21 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$137
|
||
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.
$345,000
PROJECTED PRICE
$1,530
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.6% |
| 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
$97,175
LOAN DETAILS
$1,273
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
3.67
YEARS SAVED
$13,591
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
-
$1,825
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/08/20- Rent
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- $1,657
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8549 E Desert Lane Mesa, AZ 3
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LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,795
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8727 E Kiowa Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 2000
LEASED 03/01/20- Rent
- Rent Per SQFT
- $1,799
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8735 E Lakeview Avenue Mesa, AZ 5
- 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2000
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6164454
Last Updated: 11/24/2020
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.
