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PROPERTY INFO
FACTS
- Single Family
- Built In 1950
- Price/Sqft : $228.85
- 4 Days on Market
- MLS # : 6189634
- Updated Date : 02/04/2021 at 15:20
CONSTRUCTION
- Beds : 2
- Floor Size : 1,092 sqft
- Baths : 1 full
Listing Agent
United Brokers Group
Listing Agent's Description
Tastefully renovated home with stylish modern updates, while retaining its historic charm! Bay windows, built-in shelves, drawers, and niches throughout, and beautifully refinished original wood floors. Recently updated kitchen (2018) with new white cabinets, tile flooring, stainless steel appliances, and quartz countertops. Bathroom remodeled (2018) with white subway tile in the shower and white marble ceramic floor. New HVAC system installed in 2019 with 10 year warranty! New washing machine in 2019 too! This home is less than a 10 minute walk to all of the restaurants, venues, and shopping that downtown Mesa has to offer! Schedule your showing today! And don't forget to take the 3D virtual tour!
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PRICE & RENT TRENDS
Neighborhood: C.A.N.D.O.
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: C.A.N.D.O.
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$130 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$25
|
||
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.
$249,900
PROJECTED PRICE
$1,170
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$71,974
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
6.17
YEARS SAVED
$17,356
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,209
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
32 N Date -- Mesa, AZ 3
- 2 beds 1 baths ∙ 1,092 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,092 Sqft ∙ Built 1950
- Rent
- Rent Per SQFT
- $1,170
- $1.07
-
1141 N April Circle #c Mesa, AZ 1
- 2 beds 1 baths ∙ 800 Sqft ∙ Built 1970 2 beds 1 baths ∙ 800 Sqft ∙ Built 1970
LEASED 02/01/21- Rent
- Rent Per SQFT
- $925
- $1.16
-
1310 S Pima -- #48 Mesa, AZ 2
- 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964
LEASED 09/10/19- Rent
- Rent Per SQFT
- $975
- $1.03
-
518 W 1st Avenue Mesa, AZ 4
- 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1947 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1947
LEASED 06/06/20- Rent
- Rent Per SQFT
- $1,175
- $1.10
-
837 N Revere Street #a Mesa, AZ 5
- 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1965
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,195
- $1.14
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6189634
Last Updated: 02/04/2021
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.
