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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $177.08
- 2 Days on Market
- MLS # : 6179064
- Updated Date : 01/09/2021 at 17:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,256 sqft
- Baths : 2 full , 1 half
Listing Agent
Stunning Homes Realty
Listing Agent's Description
Enjoy the open space, vaulted ceilings of this four bed, two and a half bath plus den single story home in a quiet part of north Mesa. Extra large driveway and two car garage along with side RV gate w/ pad and clean shed will allow for ample outdoor space. Pick fresh citrus from mature trees. Newer AC and roof paint and siding. Vaulted kitchen ceilings with pantry and generous counter space pairs with clean, white appliances. If space or multifunction room is desired, the fourth bedroom can serve as a theater, additional family room, or even a place of business.
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PRICE & RENT TRENDS
Neighborhood: Hermosa Vista Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hermosa Vista Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,388 |
| Property Tax | -$272 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$140
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$399,500
PROJECTED PRICE
$1,970
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$111,618
LOAN DETAILS
$1,388
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,875 |
| Loan Amount | $299,625 |
7.25
YEARS SAVED
$35,153
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,957
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
2754 E Hermosa Vista Drive Mesa, AZ 5
- 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1992
- Rent
- Rent Per SQFT
- $1,970
- $0.87
-
1924 E Jacaranda Circle Mesa, AZ 1
- 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
LEASED 08/15/19- Rent
- Rent Per SQFT
- $1,595
- $0.84
-
3134 E Mckellips Road #43 Mesa, AZ 2
- 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1992
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,795
- $0.82
-
2630 E Menlo Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
-
1433 N 24th Street Mesa, AZ 4
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973
LEASED 11/12/19- Rent
- Rent Per SQFT
- $1,800
- $0.88
PROPERTY LISTING DETAILS
Stunning Homes Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6179064
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.
