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PROPERTY INFO
FACTS
- Single Family
- Built In 2007
- Price/Sqft : $153.58
- 3 Days on Market
- MLS # : 6196741
- Updated Date : 02/20/2021 at 06:04
CONSTRUCTION
- Beds : 4
- Floor Size : 3,223 sqft
- Baths : 3 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
Great 4 bedroom, 3.5 bath home on an oversized lot with mountain views. Newer interior paint and carpet. Ceiling fans throughout, 2 inch blinds and plantation shutters. All tile floors downstairs. Extended kitchen with extensive granite counters, double ovens, walk-in pantry, built-in microwave, and gas stub at the cooktop. Pre-wired for stereo surround sound. The primary master bedroom is downstairs with 2 walk-in closets. The upstairs has a spacious loft and a secondary master bedroom. Beautiful backyard with mature trees and shaded garden. Convenient RV gate for toys.
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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 | $2,250 |
| EXPENSES | Loan Payment | -$1,719 |
| Property Tax | -$362 | |
| Property Insurance | -$89 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$38
|
||
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.
$495,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.45%
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
$136,925
LOAN DETAILS
$1,719
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
5.08
YEARS SAVED
$25,943
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,500
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/01/20- Rent
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- $2,550
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LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,650
- $0.79
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196741
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.
