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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $200.20
- 3 Days on Market
- MLS # : 6178626
- Updated Date : 01/09/2021 at 20:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,523 sqft
- Baths : 2 full
Listing Agent
Open House Realty
Listing Agent's Description
Welcome home! Fantastic opportunity in the family friendly community of Lesueur Estates. Great open floor plan with huge great room and vaulted ceilings. Bedrooms are split with a large master suite complete with a separate tub and shower, dual vanities and oversized walk in closet on one side. Two bedrooms and an additional bath are split from the master but flow nicely from the great room. Updated kitchen is right off the great room complete with a charming breakfast nook. Outside, the home has large covered patio with sunshades and plenty of grass to enjoy the outdoors. It backs to a common area so no neighbors behind. Tons of community features to enjoy including biking/walking paths, playgrounds and lots of grassy common areas.
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PRICE & RENT TRENDS
Neighborhood: Lesueur Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lesueur Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$184 | |
| Property Insurance | -$57 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$73
|
||
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.
$304,900
PROJECTED PRICE
$1,490
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$86,549
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,225 |
| Loan Amount | $228,675 |
6.92
YEARS SAVED
$25,083
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,515
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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2558 S Terrell -- Mesa, AZ 1
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- Rent
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8548 E Laguna Azul Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001
LEASED 10/08/20- Rent
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- $1,550
- $0.93
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- 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2000
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
2329 S Gordon Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
8521 E Desert Lane Mesa, AZ 5
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.05
PROPERTY LISTING DETAILS
Open House Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178626
Last Updated: 01/09/2021
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.
