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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $229.73
- 3 Days on Market
- MLS # : 6167651
- Updated Date : 12/04/2020 at 14:20
CONSTRUCTION
- Beds : 3
- Floor Size : 1,480 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Single lvl 3BR/2BA stunner built in 2017. Prime location in gated community near 202. Private, interior lot backs directly to greenbelt. Open floorplan w/9ft ceilings & split BRs. Master suite located at rear of home w/refreshing natural light and spacious walk-in closet. Barn door separates MBR & MBA. MBA feat. dual sinks, huge shower w/built-in bench, & sep toilet closet. Other 2 BRs located at front of home & separated by guest BA. Stylish kitchen feat large island, granite countertops, S/S appliances & cabinet hardware. Dbl door pantry & prewire for 3 pendant lights over island. Dining area is off kitchen w/extended bank of cabinets for added storage. Great room w/recessed lighting, ceiling fan & access to patio. Low maint desert backyard w/pavers fire pit. Community pool, playground.
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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 | $1,340 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$176 | |
| Property Insurance | -$56 | |
| HOA | -$94 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$340
|
||
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.
$340,000
PROJECTED PRICE
$1,340
PROJECTED RENT
0.39%
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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
1.25
YEARS SAVED
$2,265
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,432
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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302 N 79th Place Mesa, AZ 1
- 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,480 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,340
- $0.91
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216 N 76th Place Mesa, AZ 2
- 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,549 Sqft ∙ Built 2002
LEASED 12/15/19- Rent
- Rent Per SQFT
- $1,395
- $0.90
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7640 E Barstow Street Mesa, AZ 3
- 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2003
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,550
- $0.88
-
7531 E Billings Street #145 Mesa, AZ 4
- 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2020
LEASED 07/25/20- Rent
- Rent Per SQFT
- $1,795
- $1.10
-
8111 E Encanto Street Mesa, AZ 5
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,800
- $0.99
PROPERTY LISTING DETAILS
Coldwell Banker Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167651
Last Updated: 12/04/2020
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.
