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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $146.22
- 6 Days on Market
- MLS # : 6171661
- Updated Date : 12/16/2020 at 15:01
CONSTRUCTION
- Beds : 2
- Floor Size : 1,880 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Situated in an amazing over 55 community that has stood the test of time, this home is close to everything. The community areas feature heated pools and spas, a new (2017) workout center, golf course and community event center. The kitchen is bright and airy and features a skylight. Large closets and garage offer plenty of storage. The Arizona room makes great office or TV room. An expanded laundry room has space for crafts or additional freezer. Buyer to pay $1300 common area fee at closing.
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PRICE & RENT TRENDS
Neighborhood: Sunland Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$1,014 |
| Property Tax | -$187 | |
| Property Insurance | -$64 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$138
|
||
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.
$274,900
PROJECTED PRICE
$1,230
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$78,599
LOAN DETAILS
$1,014
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
3.25
YEARS SAVED
$8,451
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
-
$1,065
COMP ESTIMATED VALUE -
$0.57
COMP AVG. RENT PER SQFT
Comps Range
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4160 E Capri Avenue Mesa, AZ 1
- 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1979
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- Rent
- Rent Per SQFT
- $0
- $0.00
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4757 E Camino Street #1 Mesa, AZ 2
- 2 beds 1 baths ∙ 1,795 Sqft ∙ Built 1983 2 beds 1 baths ∙ 1,795 Sqft ∙ Built 1983
![property image]()
LEASED 12/06/20- Rent
- Rent Per SQFT
- $900
- $0.50
-
516 N Quinn Street #1 Mesa, AZ 3
- 2 beds 1 baths ∙ 2,056 Sqft ∙ Built 1980 2 beds 1 baths ∙ 2,056 Sqft ∙ Built 1980
![property image]()
LEASED 10/15/20- Rent
- Rent Per SQFT
- $1,045
- $0.51
-
4523 E Camino Circle Mesa, AZ 4
- 2 beds 1 baths ∙ 1,741 Sqft ∙ Built 1983 2 beds 1 baths ∙ 1,741 Sqft ∙ Built 1983
![property image]()
LEASED 12/28/19- Rent
- Rent Per SQFT
- $1,200
- $0.69
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6171661
Last Updated: 12/16/2020
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.
