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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $163.51
- 2 Days on Market
- MLS # : 6173045
- Updated Date : 12/18/2020 at 20:11
CONSTRUCTION
- Beds : 3
- Floor Size : 1,743 sqft
- Baths : 2 full , 1 half
Listing Agent
Ran Realty & Property Management
Listing Agent's Description
Location of this property is ideal. The home is walking distance to Dana Park with lots of shopping and restaurants. Convenient to US 60 and all of the east valley. This is a 3 bedroom 2.5 bath 2 story home. Front room has cathedral ceilings. The Kitchen opens into a dining area and family room. There is a half bath on the main floor. Upstairs the master bath has a walk-in closet, separate tub and shower and double sinks. 2 bedrooms at the other end of the hallway. Lots of storage throughout. Indoor laundry. 2 car garage. AC is one year old. Property is located at the end of a cul-de-sac up against the extra parking for the community and near the community pool, spa, and tennis courts.
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PRICE & RENT TRENDS
Neighborhood: Concord Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Concord Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$125 | |
| Property Insurance | -$61 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$351
|
||
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.
$285,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 9.1% |
| 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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
11.5
YEARS SAVED
$58,931
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
-
$1,821
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,743 Sqft ∙ Built 1998
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LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,495
- $1.06
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3719 E Inverness Avenue #10 Mesa, AZ 3
- 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,546 Sqft ∙ Built 1998
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LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,600
- $1.03
-
1350 S Greenfield Road #1129 Mesa, AZ 4
- 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,750 Sqft ∙ Built 2007
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LEASED 12/09/20- Rent
- Rent Per SQFT
- $1,850
- $1.06
-
3928 E Garnet Circle Mesa, AZ 5
- 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1984
![property image]()
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,995
- $1.03
PROPERTY LISTING DETAILS
Ran Realty & Property Management
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173045
Last Updated: 12/18/2020
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.
