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PROPERTY INFO
FACTS
- Single Family
- Built In 1984
- Price/Sqft : $177.36
- 2 Days on Market
- MLS # : 6190767
- Updated Date : 02/06/2021 at 02:22
CONSTRUCTION
- Beds : 4
- Floor Size : 2,058 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
What a find! Spacious flexible floorplan, conveniently located & just waiting for it's new happy owners! 4 bedroom, 3 baths with one bedroom downstairs right next to full bathroom. Enjoy Arizona sunsets from the large open backyard with beautiful diving pool already in! Or...cozy up inside by the fireplace on those few colder nights. RV gate, side slabs, plenty of parking, and surprising large storage spaces inside -Even room to expand the kitchen. No HOA. And...did I mention HVAC, pool pump, filter, & Pebble-Tec all new as of 2018 plus...currently placed brand new flooring throughout?! Hurry before this gem of possibilities is gone!
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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 | $1,850 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$250 | |
| Property Insurance | -$67 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$166
|
||
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.
$365,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.51%
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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
7.92
YEARS SAVED
$37,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,017
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
4241 E Des Moines Street Mesa, AZ 1
- 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,058 Sqft ∙ Built 1984
- Rent
- Rent Per SQFT
- $1,850
- $0.90
-
909 N Seton Street Mesa, AZ 2
- 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,895
- $0.89
-
5449 E Elmwood Street Mesa, AZ 3
- 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,975
- $0.94
-
952 N Quail -- Mesa, AZ 4
- 5 beds 3 baths ∙ 2,012 Sqft ∙ Built 1991 5 beds 3 baths ∙ 2,012 Sqft ∙ Built 1991
LEASED 06/17/20- Rent
- Rent Per SQFT
- $2,075
- $1.03
-
3835 E Contessa Street Mesa, AZ 5
- 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,141 Sqft ∙ Built 1980
LEASED 09/20/19- Rent
- Rent Per SQFT
- $2,275
- $1.06
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6190767
Last Updated: 02/06/2021
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.
