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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $167.79
- 2 Days on Market
- MLS # : 6187603
- Updated Date : 01/31/2021 at 04:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,639 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Your new home is waiting for you! This charming property is located in a great adult neighborhood in desirable Mesa! Providing low maintenance landscaping and a 2 car garage plus slab driveway. The interior offers a large living area, carpet in all the right places, roomy bedrooms, a dining room with a lovely chandelier, and a family room with a cozy fireplace. Practice your cooking skills in this efficient kitchen that provides black appliances, a dual sink, and oak cabinets. Inside the master bedroom, you will find his/her sliding door closet and bathroom with a step-in shower. The perfectly sized backyard with a covered patio is just perfect for relaxing afternoons. This home is very light and bright. You won't want to miss this well cared for home, book a showing today!
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PRICE & RENT TRENDS
Neighborhood: Dreamland Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreamland Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$162 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$155
|
||
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.
$275,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.1% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
8.42
YEARS SAVED
$30,979
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,647
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
337 N 61st Street Mesa, AZ 2
- 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,639 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,430
- $0.87
-
1055 N Recker Road #1021 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1987
LEASED 10/28/19- Rent
- Rent Per SQFT
- $1,325
- $1.01
-
6335 E Brown Road #1165 Mesa, AZ 3
- 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1993
LEASED 11/05/19- Rent
- Rent Per SQFT
- $1,495
- $1.00
-
6307 E Covina Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1988
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,535
- $1.05
-
6348 E Fairfield Street Mesa, AZ 5
- 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187603
Last Updated: 01/31/2021
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.
