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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $222.46
- 7 Days on Market
- MLS # : 6188427
- Updated Date : 02/06/2021 at 02:34
CONSTRUCTION
- Beds : 2
- Floor Size : 1,438 sqft
- Baths : 2 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
Beautifully upgraded townhouse with attached 2 car garage. Gatedcommunity, heated pool and spa feels like resort living, playgroundaround the corner. Too many upgrades to list, upgraded countertops,soft close cabinets/drawers, premium unit on the end only sharing 1wall, dual pane windows, 9 foot soaring ceilings, open floor plan,comes with water softener, reverse osmosis in the kitchen and watercooler, luxury vinyl grade flooring, stainless steel appliances,owner's suite has a walk out balcony. Super easy access to 202 and 60,shopping centers and restaurants within few miles. Turn key, ready formove in.
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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 | -$1,111 |
| Property Tax | -$193 | |
| Property Insurance | -$55 | |
| HOA | -$185 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$133
|
||
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.
$319,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.47%
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
$90,524
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
3.17
YEARS SAVED
$8,082
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
-
$1,287
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
2821 S Skyline -- #113 Mesa, AZ 1
- 2 beds 3 baths ∙ 1,438 Sqft ∙ Built 2017 2 beds 3 baths ∙ 1,438 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $0
- $0.00
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9255 E Lompoc Avenue Mesa, AZ 2
- 2 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000
LEASED 08/30/30- Rent
- Rent Per SQFT
- $1,150
- $0.90
-
2032 S Luther Avenue Mesa, AZ 3
- 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
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6188427
Last Updated: 02/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
