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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $186.82
- 5 Days on Market
- MLS # : 6180413
- Updated Date : 01/13/2021 at 22:02
CONSTRUCTION
- Beds : 4
- Floor Size : 1,980 sqft
- Baths : 2 full , 1 half
Listing Agent
Gentry Real Estate
Listing Agent's Description
Charming four bedroom two-story brick home situated in East Mesa! Located in the highly sought after award winning MT. View/Stapley/Ishikawa school district. This recently updated home includes new flooring throughout, baseboards, and lighting. Upon entering you are greeted with soaring ceilings, beautiful wood-look laminate flooring, neutral color tones and an oversized great room. The remodeled galley kitchen includes a glass tile backsplash, quartz countertops, updated plumbing fixtures, new appliances and white cabinetry. The downstairs' master retreat consists of a spacious room, walk-in closet and upgraded bathroom. Upstairs you'll find the three remaining bedrooms along with a game room/loft. The secluded backyard boasts private, mature landscaping and a covered patio.
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PRICE & RENT TRENDS
Neighborhood: Park Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park Square
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$252 | |
| Property Insurance | -$66 | |
| HOA | -$30 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$62
|
||
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.
$369,900
PROJECTED PRICE
$1,670
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.1% |
| 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
$103,774
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,475 |
| Loan Amount | $277,425 |
4.33
YEARS SAVED
$15,574
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,670
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,767
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
3134 E Mckellips Road #102 Mesa, AZ 2
- 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,670
- $0.84
-
2848 E Brown Road #52 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1984
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,550
- $0.90
-
2531 E Glencove Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,697
- $0.86
-
2630 E Menlo Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,795
- $0.93
-
1433 N 24th Street Mesa, AZ 5
- 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973
LEASED 11/12/19- Rent
- Rent Per SQFT
- $1,800
- $0.88
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180413
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
