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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $166.81
- 2 Days on Market
- MLS # : 6197048
- Updated Date : 02/20/2021 at 15:44
CONSTRUCTION
- Beds : 2
- Floor Size : 1,612 sqft
- Baths : 2 full
Listing Agent
Re/max Solutions
Listing Agent's Description
Welcome to the beautiful adult community of Sunland Village located in the heart of Mesa. Only minutes from the US-60, the 101, & the 202. You'll be close to great schools & parks, golf courses, shopping, theaters, and everything you need. This gem is a fully furnished 2 spacious bedrooms with ceiling fans and a den/Arizona room, that could be a 3rd bedroom. Large back patio to entertain and enjoy the sun. No maintenance landscaping in the front & back. Neutral color paint throughout, a 2 car garage, and a kitchen with plenty of cabinet storage space. You don't want to miss out on this great opportunity. Hurry & come take a look while you still can. You won't be disappointed.
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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 | $1,390 |
| EXPENSES | Loan Payment | -$934 |
| Property Tax | -$183 | |
| Property Insurance | -$59 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$112
|
||
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.
$268,900
PROJECTED PRICE
$1,390
PROJECTED RENT
0.52%
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
$77,009
LOAN DETAILS
$934
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,225 |
| Loan Amount | $201,675 |
7.58
YEARS SAVED
$25,776
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,435
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4213 E Clovis Avenue Mesa, AZ 3
- 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,390
- $0.86
-
5056 E Enid Avenue Mesa, AZ 1
- 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976
LEASED 07/21/20- Rent
- Rent Per SQFT
- $1,299
- $0.87
-
4115 E Clovis Avenue Mesa, AZ 2
- 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
LEASED 05/26/20- Rent
- Rent Per SQFT
- $1,300
- $0.91
PROPERTY LISTING DETAILS
Re/max Solutions
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197048
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
