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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $176.47
- 2 Days on Market
- MLS # : 6169850
- Updated Date : 12/12/2020 at 21:16
CONSTRUCTION
- Beds : 4
- Floor Size : 3,740 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty Executives
Listing Agent's Description
Citrus grove for sale, and the home comes free! But really, this beautiful 4 bedroom, 3.5 bathroom home sits on a spacious lot with a handful of producing citrus trees! Located in the gated subdivision of Mahogany, you'll be living in one of Mesa's premier neighborhoods! Over 3,700 sqft of well maintained single level living! The open kitchen is great for entertaining as it looks across the breakfast bar into the family room! Adjacent to the master bedroom is a second smaller master bedroom with its' own private bath! While the other 2 rooms are located on the east side of the home. On a cool crisp winter evening, find warmth by sliding into the hot tub that is located on the back patio! Additionally you'll find there is also a built-in BBQ and a large grassy area for countless activities!
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PRICE & RENT TRENDS
Neighborhood: Mahogany
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mahogany
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,900 |
| EXPENSES | Loan Payment | -$2,435 |
| Property Tax | -$450 | |
| Property Insurance | -$100 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$246
|
||
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.
$660,000
PROJECTED PRICE
$2,900
PROJECTED RENT
0.44%
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
$180,650
LOAN DETAILS
$2,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $165,000 |
| Loan Amount | $495,000 |
3.5
YEARS SAVED
$23,676
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
-
$3,086
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
4240 E Fox Street Mesa, AZ 1
- 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
-
4063 E Fairfield Street Mesa, AZ 2
- 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998
LEASED 08/01/19- Rent
- Rent Per SQFT
- $2,795
- $0.75
-
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
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6169850
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.
