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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $214.38
- 6 Days on Market
- MLS # : 6172521
- Updated Date : 12/27/2020 at 00:22
CONSTRUCTION
- Beds : 3
- Floor Size : 1,912 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
North facing, courtyard entrance, southwest style single level with a beautiful lawn located in a popular Mesa neighborhood on a private street. Upon entering, your eye catches the light coming through the large picture window flooding the formal living space. Step up to the formal dining- another room with great natural light that overlooks the kitchen. Adjacent to the eating kitchen is a cozy family room with a charming gas-burning fireplace. Retreat to the Arizona room and enjoy the views of a sparkling diving pool and low maintenance backyard with mature plantings. Easy access to the walking/riding path that leads to a well- maintained family park- only two homes away. Pavers define the barbecue/recreation area adjacent to pool under a mature pine tree.
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PRICE & RENT TRENDS
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,512 |
| Property Tax | -$213 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$38
|
||
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.
$409,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$114,374
LOAN DETAILS
$1,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
5.33
YEARS SAVED
$26,888
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
-
$2,055
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
2535 W Pampa Avenue Mesa, AZ 1
- 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2066 W Peralta Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,799
- $1.11
-
2626 W Onza Avenue Mesa, AZ 3
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,950
- $1.03
-
3207 N Brentwood Place Chandler, AZ 4
- 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,809 Sqft ∙ Built 1979
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,995
- $1.10
-
2807 W Rosewood Drive Chandler, AZ 5
- 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979
LEASED 05/27/20- Rent
- Rent Per SQFT
- $2,050
- $1.06
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172521
Last Updated: 12/27/2020
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.
