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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $210.08
- 3 Days on Market
- MLS # : 6172719
- Updated Date : 12/18/2020 at 21:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,785 sqft
- Baths : 2 full
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Situated on an Oversized Corner Lot, No HOA, This 3 Bedroom/2 Bath Home Has Been Recently Updated, Featuring Separate Living, Family and Formal Dining Rooms Offering a Very Flexible Floor Plan, Vaulted Ceiling, Plantation Shutters, Real Wood Burning Fireplace, Fresh Interior Paint, 18'' Tile. New Carpet/Pad, Dining Room has Exit to Private Patio, Breakfast Bar, New Stainless Appliances, Updated Fixtures, Fans and Interior Door Hardware, Resort Like Pebble-Tec Diving Pool with Large Grotto, Waterfall and Slide Plus Oversized Second Step, Extended Covered Patio Overlooking Large Yard with Grassy Area, Built-In BBQ Area, RV Gate w/ Concrete Pad, Storage Shed, Windows, Roof and A/C Updated within the Last 8 Years Plus Insulation, Concrete Pad Out-front for Additional Parking
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PRICE & RENT TRENDS
Neighborhood: Mira Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mira Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$195 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$149
|
||
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.
$375,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.3% |
| 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
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
3.75
YEARS SAVED
$15,415
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,758
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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4804 E Princess Drive Mesa, AZ 2
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1985
- Rent
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- $1,590
- $0.89
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5517 E Fairfield Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1991
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,495
- $0.96
-
4803 E Princess Drive Mesa, AZ 3
- 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
-
1743 N Seton -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 2000
LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
5449 E Elmwood Street Mesa, AZ 5
- 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
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172719
Last Updated: 12/18/2020
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.
