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3207 E Regina Street 
Mesa, AZ
85213
5 Beds 3 Baths 2,294 sqft
Built 2014
INVESTimate
$409,900
List Price
$114,374
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $178.68
- 2 Days on Market
- MLS # : 6122145
- Updated Date : 08/25/2020 at 09:46
CONSTRUCTION
- Beds : 5
- Floor Size : 2,294 sqft
- Baths : 2 full , 1 half
Listing Agent
Offerpad
Listing Agent's Description
VACANT!! Come see this two story home in Lehi Crossing! This home offers new carpet and lots of natural light throughout. Open floorplan living and dining, great when entertaining. The kitchen features granite countertops, an island for extra prep and storage, and stainless steel appliances. One bedroom and a half bathroom on the first floor, perfect for guests. The primary suite, two additional bedrooms and a full bathroom as well as the laundry located on the second floor. The primary ensuite bathroom has dual sinks, separate shower and tub, and a large walk in closet. The backyard has a covered patio and grass area great for pets. Close to lots of shopping and dining, golf, hiking and biking trails. Come see!
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PRICE & RENT TRENDS
Neighborhood: Lehi Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lehi Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,512 |
| Property Tax | -$213 | |
| Property Insurance | -$72 | |
| HOA | -$81 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$103
|
||
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.
$409,900
PROJECTED PRICE
$2,080
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.63% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,374
LOAN DETAILS
$1,512
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,475 |
| Loan Amount | $307,425 |
7.08
YEARS SAVED
$40,989
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,149
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3207 E Regina Street Mesa, 3
- 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2014
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $0.91
-
3422 E Riverdale Street Mesa, 1
- 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
![property image]()
LEASED 10/15/19- Rent
- Rent Per SQFT
- $2,000
- $0.95
-
3060 E Russell Street Mesa, 2
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2013
![property image]()
LEASED 05/02/19- Rent
- Rent Per SQFT
- $2,050
- $0.92
-
3359 N Loma Vista -- Mesa, 4
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017
![property image]()
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.94
PROPERTY LISTING DETAILS
Offerpad
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122145
Last Updated: 08/25/2020
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.
