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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $185.19
- 3 Days on Market
- MLS # : 6178601
- Updated Date : 01/08/2021 at 18:43
CONSTRUCTION
- Beds : 2
- Floor Size : 1,890 sqft
- Baths : 2 full
Listing Agent
Two Brothers Realty
Listing Agent's Description
Paradise in Mesa! Beautiful cul-de-sac home in one of the popular subdivisions in Mesa known as Sunland Village East, a 55+ plus active-adult community. Grand entry with the most in demand floor plan in this luxury community. Gourmet kitchen is spacious for entertaining. Split two bedroom floor plan is ideal for guests. Shows like a model home with soaring ceilings. Master suite features an ensuite bath with soaking tub and separate glass shower. Back yard has a private oasis complete with a built-in outdoor kitchen. Garage has ample storage. HOA includes: 18-hole executive-length golf course, 6 lighted tennis courts, 6 lighted pickle ball courts, premiere softball field, 3 swimming pools and 2 jacuzzis, complete fitness center, full calendar of social events and activities.
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PRICE & RENT TRENDS
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$211 | |
| Property Insurance | -$64 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$66
|
||
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.
$350,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
6.58
YEARS SAVED
$27,365
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,692
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2438 S Zinnia Circle Mesa, AZ 1
- 2 beds 2 baths ∙ 1,890 Sqft ∙ Built 1991 2 beds 2 baths ∙ 1,890 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2032 S Luther Avenue Mesa, AZ 2
- 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
8241 E Medina Avenue Mesa, AZ 3
- 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,500
- $0.90
PROPERTY LISTING DETAILS
Two Brothers Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178601
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
