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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $173.75
- 4 Days on Market
- MLS # : 6172197
- Updated Date : 12/17/2020 at 17:47
CONSTRUCTION
- Beds : 6
- Floor Size : 3,885 sqft
- Baths : 4 full
Listing Agent
Realty One Group
Listing Agent's Description
As you turn East onto Fairfield Cir. in the sought out community of The Groves, you will see that this beautiful home sits above the rest. As you walk through the front door you are greeted with warmth and charm that will open up the imagination to create your own perfect home. You have 2 FULL bathrooms and guest room downstairs. Laundry room provides ample space for storage, small office potential with full bath and door leading right out to the pool! Backyard landscaped for entertaining, or quiet afternoons in the pool. Large RV gates swing open to allow space for your toys for outdoor adventuress. (Covered parking to protect from the weather too!!!) Large Primary Room upstairs that gives you ample space to get away and create your own oasis!!! *See documents for list of improvements
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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 | $2,560 |
| EXPENSES | Loan Payment | -$2,490 |
| Property Tax | -$460 | |
| Property Insurance | -$103 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$592
|
||
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.
$675,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.38%
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
$184,625
LOAN DETAILS
$2,490
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $168,750 |
| Loan Amount | $506,250 |
1.5
YEARS SAVED
$6,949
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,560
LIST RENT -
$0.66
LIST RENT PER SQFT
-
$2,875
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
3535 E Fairfield Circle Mesa, AZ 1
- 6 beds 4 baths ∙ 3,885 Sqft ∙ Built 1985 6 beds 4 baths ∙ 3,885 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $2,560
- $0.66
-
3930 E Fox Circle Mesa, AZ 2
- 6 beds 5 baths ∙ 4,172 Sqft ∙ Built 1999 6 beds 5 baths ∙ 4,172 Sqft ∙ Built 1999
LEASED 07/26/19- Rent
- Rent Per SQFT
- $2,700
- $0.65
-
3843 E Laurel Street Mesa, AZ 3
- 5 beds 4 baths ∙ 4,100 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,100 Sqft ∙ Built 1994
LEASED 11/01/19- Rent
- Rent Per SQFT
- $3,395
- $0.83
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172197
Last Updated: 12/17/2020
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.
