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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $185.84
- 2 Days on Market
- MLS # : 6160548
- Updated Date : 11/13/2020 at 22:38
CONSTRUCTION
- Beds : 2
- Floor Size : 1,773 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Great block built home in active adult community. HOA is only $575 a year and this community has it all. From an 18 hole golf coarse, new pickle ball courts, tennis courts, ball field, restaurant, pro shop, 3 pools and 2 work out facilities You name it and we have it! This community is a fun place to live and make new friends and invite old friends over for lunch. In this community you can keep as busy as you want or sit back and read a book. It's your choice!
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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 | $1,460 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$199 | |
| Property Insurance | -$62 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$119
|
||
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.
$329,500
PROJECTED PRICE
$1,460
PROJECTED RENT
0.44%
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
$93,068
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,375 |
| Loan Amount | $247,125 |
4
YEARS SAVED
$14,153
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
-
$1,587
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2633 S Daisy -- Mesa, AZ 1
- 2 beds 2 baths ∙ 1,773 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,773 Sqft ∙ Built 1994
- 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
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160548
Last Updated: 11/13/2020
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.
