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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $171.95
- 2 Days on Market
- MLS # : 6174566
- Updated Date : 12/25/2020 at 23:51
CONSTRUCTION
- Beds : 4
- Floor Size : 3,251 sqft
- Baths : 3 full
Listing Agent
Springs Realty
Listing Agent's Description
This amazing 4 bed (potentially 5 bed) 3 bath property comes with tons of recent updates, a dream backyard and is centrally located near many conveniences close to the heart of Mesa. Be sure to see the attached List of Upgrades. Inside you'll find a comfortable, open concept tri-level floorplan that is great for entertaining guests. Kitchen has been beautifully updated with quartz countertops, backsplash, and refinished painted white cabinets. Plantation shutters throughout entire home. Surround sound in family room. Large bedrooms! 3-car garage with epoxy flooring and a 220v outlet installed to charge an electric car. Also, house is wired with integration kit to connect a generator to power home in case of power outage. Remodeled backyard is a dream! Newly resurfaced pool and decking,
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PRICE & RENT TRENDS
Neighborhood: The Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,510 |
| EXPENSES | Loan Payment | -$2,062 |
| Property Tax | -$381 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$123
|
||
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.
$559,000
PROJECTED PRICE
$2,510
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.0% |
| 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
$153,885
LOAN DETAILS
$2,062
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $139,750 |
| Loan Amount | $419,250 |
4.5
YEARS SAVED
$29,705
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,547
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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3521 E Camino Circle Mesa, AZ 1
- 4 beds 3 baths ∙ 3,251 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,251 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $0
- $0.00
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4446 E Des Moines Street Mesa, AZ 2
- 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1998
LEASED 07/26/19- Rent
- Rent Per SQFT
- $2,350
- $0.71
-
4347 E Fox Circle Mesa, AZ 3
- 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2000
LEASED 02/15/20- Rent
- Rent Per SQFT
- $2,600
- $0.84
-
1748 N Lindsay Road Mesa, AZ 4
- 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977
LEASED 05/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.80
PROPERTY LISTING DETAILS
Springs Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174566
Last Updated: 12/25/2020
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.
