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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $197.98
- 2 Days on Market
- MLS # : 6205329
- Updated Date : 03/20/2021 at 16:52
CONSTRUCTION
- Beds : 4
- Floor Size : 2,475 sqft
- Baths : 3 full
Listing Agent
North & Co
Listing Agent's Description
Nestled in Las Sendas gated community, this home has it all!! Boasting a desert landscaping, 3 car garage plus slab driveway, and an adorable courtyard entry. You will love the luminous interior featuring warm & inviting living spaces perfect for everyday living and entertaining. The fabulous kitchen is equipped with plenty of cabinets and high-end appliances great for your daily meal. Awesome master retreat has sliding doors that opens to a private balcony and a full bath for an added comfort. Outside, enjoy your backyard with sparkling blue pool and covered patio. Make time to view this home today because it is guaranteed to go fast!!
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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 | $2,160 |
| EXPENSES | Loan Payment | -$1,702 |
| Property Tax | -$254 | |
| Property Insurance | -$75 | |
| HOA | -$41 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$11
|
||
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.
$490,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.44%
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
$135,600
LOAN DETAILS
$1,702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,500 |
| Loan Amount | $367,500 |
5.25
YEARS SAVED
$27,123
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,345
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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3029 N Sonoran Hills -- Mesa, AZ 1
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- $0
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- 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 1996
LEASED 02/14/20- Rent
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- $2,000
- $0.93
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2944 N Athena -- Mesa, AZ 3
- 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2018
LEASED 01/22/21- Rent
- Rent Per SQFT
- $2,150
- $0.85
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3060 N Ridgecrest Drive #204 Mesa, AZ 4
- 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997
LEASED 10/15/20- Rent
- Rent Per SQFT
- $2,300
- $1.03
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3555 N Reynolds Circle Mesa, AZ 5
- 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 1994 5 beds 3 baths ∙ 2,557 Sqft ∙ Built 1994
LEASED 03/06/21- Rent
- Rent Per SQFT
- $2,500
- $0.98
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6205329
Last Updated: 03/20/2021
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.
