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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $216.35
- 2 Days on Market
- MLS # : 6174596
- Updated Date : 12/26/2020 at 10:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,080 sqft
- Baths : 3 full
Listing Agent
Infinity & Associates Real Estate
Listing Agent's Description
Dont miss this rare opportunity to own a 4bdr, 3bath home on over a 15,000sf lot with a 3 car garage and pool! The kitchen offers granite countertops, stainless appliances with gas range and tons of storage. All 3 bathrooms have been upgraded with new lighting, mirrors, vanities and countertops. Backyard offers a large fenced pool with slide and tons of space to add all your other toys - the covered patio and grassy area make a great entertaining space. Tile flooring, plantation shutters, neutral paint and custom touches throughout - this home is truly a rare find in this price range!
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,880 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$272 | |
| Property Insurance | -$68 | |
| HOA | -$34 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$450,000
PROJECTED PRICE
$1,880
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
3
YEARS SAVED
$12,540
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,880
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,685
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/14/20- Rent
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- $1,595
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LEASED 09/30/19- Rent
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- $1,625
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-
11040 E Quartet Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2010
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.81
-
11533 E Quicksilver Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001
LEASED 06/04/20- Rent
- Rent Per SQFT
- $1,750
- $0.80
PROPERTY LISTING DETAILS
Infinity & Associates Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174596
Last Updated: 12/26/2020
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.
