Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $208.48
- 3 Days on Market
- MLS # : 6168451
- Updated Date : 12/12/2020 at 22:10
CONSTRUCTION
- Beds : 3
- Floor Size : 1,415 sqft
- Baths : 2 full
Listing Agent
The Daniel Montez Real Estate Group
Listing Agent's Description
Signal Butte Casitas Gated Community 3 Bedroom 2 Bath Home. Split floor plan with large master bedroom, bath, and walk in closet in the rear of the home. Open floor plan living area and dining. Nice kitchen with staggered cabinets, walk in pantry, and large breakfast bar. Dining has circular tray ceiling with open high ceilings in the rest of the living spaces. Updated tile flooring and new wood vinyl floors in all three bedrooms. Laundry room off of kitchen with a 2 car attached garage. Ceiling fans in each room. Private backyard with covered patio and side gate. Community includes a pool, spa, and clubhouse!
SEE MORE
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 | $1,460 |
| EXPENSES | Loan Payment | -$1,088 |
| Property Tax | -$178 | |
| Property Insurance | -$55 | |
| HOA | -$135 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$95
|
||
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
$1,460
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
$83,925
LOAN DETAILS
$1,088
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,750 |
| Loan Amount | $221,250 |
3.75
YEARS SAVED
$12,086
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,460
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,461
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2565 S Signal Butte Road #57 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,460
- $1.03
-
2565 S Signal Butte Road #7 Mesa, AZ 2
- 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2003
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.06
-
2929 S Esmeralda -- Mesa, AZ 3
- 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000
![property image]()
LEASED 03/28/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
-
2605 S 106th Way Mesa, AZ 4
- 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016
![property image]()
LEASED 01/02/20- Rent
- Rent Per SQFT
- $1,699
- $0.98
-
2651 S Valle Verde -- Mesa, AZ 5
- 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016
![property image]()
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,850
- $1.07
PROPERTY LISTING DETAILS
The Daniel Montez Real Estate Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168451
Last Updated: 12/12/2020
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.
