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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $196.14
- 3 Days on Market
- MLS # : 6160096
- Updated Date : 11/14/2020 at 12:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,708 sqft
- Baths : 2 full
Listing Agent
Bold Realty Llc
Listing Agent's Description
Oh my gosh! Awesome location near Val Vista/Southern. Seller did many recent updates--AC and ducting, flooring, paint, cabinets painted to fresh white, main bath update, irrigation system reworked, new blinds, baseboards, lights and fans. Roof 2017. Vaulted ceilings in great room. No HOA Seller has specific requirements for your offer. Please ask your agent.
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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 | $1,500 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$174 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$69
|
||
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.
$335,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.45%
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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
4.67
YEARS SAVED
$19,068
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
3725 E Emerald Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,500
- $0.88
-
3535 E Edgewood Avenue Mesa, AZ 1
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1979
LEASED 04/21/20- Rent
- Rent Per SQFT
- $1,400
- $0.95
-
3446 E El Moro Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980
LEASED 09/30/20- Rent
- Rent Per SQFT
- $1,499
- $1.02
-
1015 S Val Vista Drive #104 Mesa, AZ 4
- 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,650
- $0.93
-
3117 E Enid Avenue Mesa, AZ 5
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,800
- $1.04
PROPERTY LISTING DETAILS
Bold Realty Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160096
Last Updated: 11/14/2020
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.
