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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $152.06
- 3 Days on Market
- MLS # : 6163220
- Updated Date : 11/20/2020 at 16:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,940 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams Northeast Realty
Listing Agent's Description
Come and see this adorable 3 bed, 2.5 bath property now for sale in Mesa! Featuring charming curb appeal with low maintenance front landscaping and a 2 car garage, you simply won't believe your eyes! The updated interior features an open floor plan, a cozy loft, neutral paint throughout, and a lovely kitchen equipped with ample cabinet and counter space, a pantry, stainless steel appliances, and an island complete with a breakfast bar. The master bedroom is comfortable, with its spacious walk-in closet and full bath with double sinks, separate tub and shower. The cozy backyard includes a covered patio and grassy area, perfect for spending quality time with friends and loved ones! Your new home is waiting for you, schedule a showing today!
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$153 | |
| Property Insurance | -$65 | |
| HOA | -$142 | |
| 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 14% of earned rent to cover both maintenance and periods of vacancy.
$295,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.51%
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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
4.83
YEARS SAVED
$16,938
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,712
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2012 3 beds 3 baths ∙ 1,940 Sqft ∙ Built 2012
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- Rent Per SQFT
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1015 S Val Vista Drive #106 Mesa, AZ 1
- 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,590 Sqft ∙ Built 2005
LEASED 11/04/19- Rent
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- $1,400
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3314 E Juanita Avenue Gilbert, AZ 2
- 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997
LEASED 05/21/20- Rent
- Rent Per SQFT
- $1,495
- $0.88
-
2565 E Southern Avenue #155 Mesa, AZ 4
- 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 2013 3 beds 3 baths ∙ 1,896 Sqft ∙ Built 2013
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
3261 E Irwin Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.93
PROPERTY LISTING DETAILS
Keller Williams Northeast Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6163220
Last Updated: 11/20/2020
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.
