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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $299.17
- 1 Days on Market
- MLS # : 6261421
- Updated Date : 07/13/2021 at 13:43
CONSTRUCTION
- Beds : 3
- Floor Size : 1,571 sqft
- Baths : 2 full
Listing Agent
Rickel Realty
Listing Agent's Description
Welcome to a home that is just waiting for you! Split bedroom plan offers each bedroom privacy in the home but then you can meet in the great gathering space - living area and open kitchen * Hall closet, Linen closet, Pantry and Laundry Room cabinets provide ample storage to tuck away your things! Ceiling fans in each room too! Back yard is adjacent to an natural open area * A stucco/view fence allows you to enjoy your back yard - with no neighbor directly behind your yard, you can appreciate the quiet and privacy * Move in ready if you want or update it to how you want it!
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PRICE & RENT TRENDS
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$244 | |
| Property Insurance | -$58 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$473
|
||
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.
$470,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.0% |
| 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
$130,300
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
0.83
YEARS SAVED
$1,579
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,622
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
3346 N Boulder Canyon -- Mesa, AZ 1
- 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2003
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- Rent
- Rent Per SQFT
- $1,600
- $1.02
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6641 E Roland Street Mesa, AZ 2
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LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,650
- $0.98
-
6660 E Richmond Street Mesa, AZ 3
- 4 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999
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LEASED 08/24/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
-
3433 N Silverado Street Mesa, AZ 4
- 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 2000
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LEASED 10/03/20- Rent
- Rent Per SQFT
- $1,750
- $1.03
-
3326 N Silverado -- Mesa, AZ 5
- 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999
![property image]()
LEASED 11/07/20- Rent
- Rent Per SQFT
- $1,850
- $1.09
PROPERTY LISTING DETAILS
Rickel Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6261421
Last Updated: 07/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
