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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $178.77
- 5 Days on Market
- MLS # : 6166649
- Updated Date : 12/03/2020 at 17:05
CONSTRUCTION
- Beds : 5
- Floor Size : 3,915 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
Prepare to be amazed by this phenomenal 5 bed, 3.5 bath Mesa property! Stunning facade, lush landscaping, FIVE car garage w/ built-ins & RV gate & parking, this home has it all & more! Inside you will find elegant dining & living areas, den perfect for an office, spacious loft & custom upgrades throughout. The luxurious kitchen is comprised of staggered cabinetry w/ crown molding, new quartz countertops & backsplash, walk-in pantry, high-end appliances including a wall oven & huge island w/ breakfast bar. The grandiose master bedroom boasts a spacious walk-in closet & full bath with double sinks and separate tub & shower. Step outside into the beautiful backyard w/ lush green grass, 5 citrus trees, & covered patio where you can spend a relaxing evening. See this gorgeous home for yourself!
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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 | $3,120 |
| EXPENSES | Loan Payment | -$2,582 |
| Property Tax | -$477 | |
| Property Insurance | -$103 | |
| HOA | -$175 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$316
|
||
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.
$699,900
PROJECTED PRICE
$3,120
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
$191,224
LOAN DETAILS
$2,582
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $174,975 |
| Loan Amount | $524,925 |
3.25
YEARS SAVED
$22,439
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
-
$3,670
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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3908 E Elmwood Street Mesa, AZ 1
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LEASED 11/01/19- Rent
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- $3,395
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4122 E Mclellan Road #20 Mesa, AZ 3
- 4 beds 4 baths ∙ 3,882 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,882 Sqft ∙ Built 1998
LEASED 03/01/20- Rent
- Rent Per SQFT
- $3,500
- $0.90
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2939 E Huber Street Mesa, AZ 4
- 5 beds 4 baths ∙ 3,791 Sqft ∙ Built 2001 5 beds 4 baths ∙ 3,791 Sqft ∙ Built 2001
LEASED 06/10/19- Rent
- Rent Per SQFT
- $3,675
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4259 E Mclellan Circle Mesa, AZ 5
- 4 beds 3 baths ∙ 4,114 Sqft ∙ Built 2003 4 beds 3 baths ∙ 4,114 Sqft ∙ Built 2003
LEASED 05/29/20- Rent
- Rent Per SQFT
- $4,300
- $1.05
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6166649
Last Updated: 12/03/2020
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.
