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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $204.95
- 4 Days on Market
- MLS # : 6198245
- Updated Date : 02/26/2021 at 18:46
CONSTRUCTION
- Beds : 4
- Floor Size : 2,927 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
YOU GOTTA SEE THIS HOME! High End Remodel with finishes rarely seen in this Price Point. Stunning Kitchen with Professional Refinished White Cabinets. Stainless Appliances include Wall Ovens, Induction Cook Top, and Built in Ice Maker.Quartz Counter Tops and a Kitchen Island all new in 2020! You will love the Wood Look Tile Floors throughout the home with Carpet just in the Bedrooms. Gorgeous Master Retreat with fully Remodeled Ensuite Bath in Soft Grays with all the luxury features you could desire. Tile Walk in Shower, Double Sinks, Vanity, and Even a Heated Bidet! Split Floor Plan with Three additional Bedrooms and Remodeled Bath plus a den/office that could easily be a 5th Bedroom by adding closet in Niche done in the floorplan.Half Bath is great for Guest too!
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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 | $2,180 |
| EXPENSES | Loan Payment | -$2,084 |
| Property Tax | -$362 | |
| Property Insurance | -$84 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$466
|
||
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.
$599,900
PROJECTED PRICE
$2,180
PROJECTED RENT
0.36%
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
$164,724
LOAN DETAILS
$2,084
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $149,975 |
| Loan Amount | $449,925 |
1.67
YEARS SAVED
$6,373
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,180
LIST RENT -
$0.74
LIST RENT PER SQFT
-
$2,210
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/06/19- Rent
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- $2,200
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LEASED 11/20/20- Rent
- Rent Per SQFT
- $2,395
- $0.77
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198245
Last Updated: 02/26/2021
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.
