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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $184.12
- 2 Days on Market
- MLS # : 6196845
- Updated Date : 02/20/2021 at 22:12
CONSTRUCTION
- Beds : 4
- Floor Size : 2,091 sqft
- Baths : 3 full
Listing Agent
Premier Real Estate Opportunities
Listing Agent's Description
SOPHISTICATED LIVING IN ONE OF THE NICEST AREAS OF MESA. ENJOY COMMUNITY AMENITIES LIKE POOL, PLAYGROUND, WALKING/BIKING PATHS, AND SURROUNDED BY NATURE, ALL THE WHILE HAVING MINIMAL MAINTENANCE! BEAUTIFUL WOOD-PLANK LOOKING TILE, GORGEOUS KITCHEN WITH WHITE SHAKER CABINETS, QUARTZ C-TOPS, STAINLESS STEEL APPLIANCES, AND TILE BACKSPLASH. UPSTAIRS FEATURES MASTER WITH HIS & HER CLOSETS, BALCONY WITH MOUNTAIN VIEWS, & SITTING/READING ROOM. THREE OTHER BEDROOMS AND TWO OTHER BATHROOMS,WITH ONE OF THE BEDROOMS HAVING IT'S OWN PRIVATE BATH. BACKYARD HAS PAVERS AND SMALL GARDEN SET UP. WONDERFUL HOME! CLOSE TO WONDERFUL SCHOOLS, SHOPPING, FREEWAY, & HIKING TRAILS ABOUND. DON'T MISS THIS BEAUTIFUL PROPERTY!
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PRICE & RENT TRENDS
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$200 | |
| Property Insurance | -$68 | |
| HOA | -$150 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$96
|
||
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.
$385,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.0% |
| 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
$107,775
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
6.42
YEARS SAVED
$28,681
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,143
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
2949 N Augustine -- Mesa, AZ 1
- 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,091 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $1,950
- $0.93
-
2931 N Augustine -- Mesa, AZ 2
- 4 beds 4 baths ∙ 2,091 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,091 Sqft ∙ Built 2019
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,000
- $0.96
-
2951 N 72nd Street Mesa, AZ 3
- 3 beds 4 baths ∙ 2,041 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,041 Sqft ∙ Built 2017
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
2945 N Augustine -- Mesa, AZ 4
- 3 beds 4 baths ∙ 2,091 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,091 Sqft ∙ Built 2018
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,150
- $1.03
-
2922 N Athena -- Mesa, AZ 5
- 4 beds 4 baths ∙ 2,091 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,091 Sqft ∙ Built 2019
LEASED 01/09/21- Rent
- Rent Per SQFT
- $2,260
- $1.08
PROPERTY LISTING DETAILS
Premier Real Estate Opportunities
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196845
Last Updated: 02/20/2021
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.
