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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $204.36
- 3 Days on Market
- MLS # : 6187212
- Updated Date : 01/29/2021 at 15:40
CONSTRUCTION
- Beds : 3
- Floor Size : 1,468 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty East Valley
Listing Agent's Description
IDEAL SINGLE LEVEL SPLIT FLOORPLAN in a desirable GATED 55+ community & MOVE-IN READY! Vaulted ceilings make this home OPEN & BRIGHT! Kitchen includes appliances & pantry. SPACIOUS master suite features dual sinks & walk-in closet w/built-ins. Ceiling fans t/o. Laundry w/utility sink & additional storage! Community amenities include a pool/spa & other social & exercise activities! Minutes from US60, Loop 202, restaurants, shopping & more! **Exclusive opportunity to save thousands on this purchase! Ask your agent for more details!
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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 | $1,270 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$188 | |
| Property Insurance | -$56 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$239
|
||
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.
$300,000
PROJECTED PRICE
$1,270
PROJECTED RENT
0.42%
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
$85,250
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
1.58
YEARS SAVED
$2,569
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,270
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,285
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
320 S 70th Street #15 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1999
![property image]()
- Rent
- Rent Per SQFT
- $1,270
- $0.87
-
6710 E University Drive #167 Mesa, AZ 2
- 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2005
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
6710 E University Drive #134 Mesa, AZ 3
- 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004
![property image]()
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,395
- $0.86
-
6710 E University Drive #140 Mesa, AZ 4
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2004
![property image]()
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,399
- $0.90
-
7640 E Barstow Street Mesa, AZ 5
- 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,764 Sqft ∙ Built 2003
![property image]()
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,550
- $0.88
PROPERTY LISTING DETAILS
Keller Williams Realty East Valley
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187212
Last Updated: 01/29/2021
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.
