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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $182.54
- 2 Days on Market
- MLS # : 6170272
- Updated Date : 12/12/2020 at 15:47
CONSTRUCTION
- Beds : 6
- Floor Size : 4,410 sqft
- Baths : 4 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Fabulous house located on a large lot in prestigious Estate Groves with NO HOA. Main house has open concept with renovated kitchen, 2 large master bedrooms with renovated bathrooms. Mother-in-law suite has 2 beds 1.5 baths private kitchen, living room and patio. This house was made for entertaining! Backyard has outdoor kitchen, fire pit, custom water fountain, oversize pool and built in hot tub.
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PRICE & RENT TRENDS
Neighborhood: Estate Grove and Valencia Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Estate Grove and Valencia Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $3,130 |
| EXPENSES | Loan Payment | -$2,970 |
| Property Tax | -$548 | |
| Property Insurance | -$113 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$600
|
||
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.
$805,000
PROJECTED PRICE
$3,130
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 7.1% |
| 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
$219,075
LOAN DETAILS
$2,970
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $201,250 |
| Loan Amount | $603,750 |
1.83
YEARS SAVED
$11,054
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,263
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
-
4022 E Grandview Street Mesa, AZ 1
- 6 beds 5 baths ∙ 4,410 Sqft ∙ Built 1985 6 beds 5 baths ∙ 4,410 Sqft ∙ Built 1985
- Rent
- Rent Per SQFT
- $0
- $0.00
-
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
-
1414 N Robin Lane Mesa, AZ 3
- 5 beds 5 baths ∙ 4,318 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,318 Sqft ∙ Built 1998
LEASED 11/27/20- Rent
- Rent Per SQFT
- $3,200
- $0.74
-
3843 E Laurel Street Mesa, AZ 4
- 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
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170272
Last Updated: 12/12/2020
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.
