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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $255.10
- 4 Days on Market
- MLS # : 6174388
- Updated Date : 12/24/2020 at 09:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,548 sqft
- Baths : 3 full
Listing Agent
Offerpad
Listing Agent's Description
VACANT! Spacious 1 story, 4 bedroom, 3 bath floor plan with a 3 car garage. The kitchen features light and bright cabinets, NEW quartz counter tops, and a NEW stainless-steel wall oven, microwave and dishwasher. NEW paint throughout! NEW carpet! Two NEW AC units! Spacious backyard with a large rear covered patio, built in BBQ, a sparkling pool, and mountain views. GREAT location near LOTS of Shopping & Dining. Also near, neighborhood parks, TONS of golf, LOTS of hiking and biking trails, and easy freeway access.
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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 | $2,780 |
| EXPENSES | Loan Payment | -$2,398 |
| Property Tax | -$337 | |
| Property Insurance | -$77 | |
| HOA | -$24 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$156
|
||
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.
$650,000
PROJECTED PRICE
$2,780
PROJECTED RENT
0.43%
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
$178,000
LOAN DETAILS
$2,398
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $162,500 |
| Loan Amount | $487,500 |
4.5
YEARS SAVED
$34,753
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,780
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$2,540
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
2703 N Adair Circle Mesa, AZ 4
- 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $2,780
- $1.09
-
9765 E Inglewood Circle Mesa, AZ 1
- 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2008
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,400
- $1.03
-
8528 E Inca Street Mesa, AZ 2
- 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,495
- $0.89
-
1955 N Red Cliff -- Mesa, AZ 3
- 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017
LEASED 09/15/19- Rent
- Rent Per SQFT
- $2,600
- $1.07
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174388
Last Updated: 12/24/2020
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.
