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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $158.73
- 4 Days on Market
- MLS # : 6183892
- Updated Date : 01/22/2021 at 22:24
CONSTRUCTION
- Beds : 4
- Floor Size : 3,465 sqft
- Baths : 3 full
Listing Agent
Exp Realty
Listing Agent's Description
Look no further! You have found the home you longed for! Boasting charming curb appeal with a meticulously maintained landscaping both front & back! As you walk inside the spacious floor plan you will see soaring ceilings that lead you to your gorgeous kitchen with quartz counter tops & ample amounts of storage. Check out your private backyard and enjoy your morning coffee or watch the lovely sunsets while the kids play. Upstairs you will find a spacious loft & of course, the grandiose master bedroom, which includes a large walk-in closet, double sinks, as well as your private balcony where you can enjoy panoramic moutain views. Eastmark community offers a resort style community pool, splash pad, plenty of parks, dog parks, baseball fields, club house with arcade games & more!
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,910 |
| Property Tax | -$271 | |
| Property Insurance | -$95 | |
| HOA | -$100 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$155
|
||
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.
$549,999
PROJECTED PRICE
$2,320
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$151,500
LOAN DETAILS
$1,910
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $137,500 |
| Loan Amount | $412,499 |
4.08
YEARS SAVED
$20,772
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
-
$2,590
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 12/11/20- Rent
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- $2,350
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LEASED 04/25/20- Rent
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- $2,400
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11146 E Rafael Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012
LEASED 06/20/20- Rent
- Rent Per SQFT
- $2,400
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10713 E Diffraction Avenue Mesa, AZ 5
- 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017
LEASED 08/15/19- Rent
- Rent Per SQFT
- $2,600
- $0.77
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183892
Last Updated: 01/22/2021
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.
