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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $225.73
- 3 Days on Market
- MLS # : 6178732
- Updated Date : 01/09/2021 at 03:54
CONSTRUCTION
- Beds : 3
- Floor Size : 1,617 sqft
- Baths : 2 full
Listing Agent
Tipton Group Real Estate
Listing Agent's Description
*A Great Remodeled Home Situated On An Oversized Lot With No HOA! This Home Has Been Updated With Brand New Tile Floors, Quartz Countertops in Kitchen And Bathrooms, Beautifully Remodeled Bathrooms Including Both Bathroom Showers, Brand new Carpet In The Bedrooms, Fresh Paint Inside And Out With New Baseboard and Door Trim. This House Also Features A HUGE Backyard, Big Patio, RV Gate. Also Includes A**SOLAR** SYSTEM** That Comes With An Updated Electrical Panel, Electrical Fixtures Have Been Updated With Brand New Ceiling Fans, 11 Can Lights Added, Updated Decora Switch And Plugs. Brand New Refrigerator And Dishwasher To Be Delivered And Installed On 1/16/2021!
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PRICE & RENT TRENDS
Neighborhood: Falcon Field
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Field
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$189 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$75
|
||
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
$1,540
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.1% |
| 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 |
4.5
YEARS SAVED
$16,671
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,726
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
4706 E Greenway Street Mesa, AZ 2
- 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1979
- Rent
- Rent Per SQFT
- $1,540
- $0.95
-
4658 E Contessa Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1984
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,500
- $1.02
-
4923 E Hobart Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986
LEASED 06/27/20- Rent
- Rent Per SQFT
- $1,650
- $1.10
-
5041 E Dallas Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1986
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,675
- $1.08
-
4803 E Princess Drive Mesa, AZ 5
- 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1985
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.07
PROPERTY LISTING DETAILS
Tipton Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6178732
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
