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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $191.19
- 3 Days on Market
- MLS # : 6165435
- Updated Date : 11/27/2020 at 18:26
CONSTRUCTION
- Beds : 4
- Floor Size : 2,589 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
STUNING UPGRADED HOME DESIGNED BY AN INTERIOR DESIGNER! YOU ARE BUYING A NEW HOME WITH ALL THE LUXURIES ALREADY PICKED OUT. YOU WILL NOTICE MANY UNIQUE THINGS IN THIS HOME FROM THE COLORED BASEBOARDS AND DOORS TO THE LIGHTING FIXTURES. KITCHEN FEATURES QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES. GAS STOVE IS A GOURMET COOKS DELIGHT WITH 5 BURNERS! WAIT UNTIL YOU SEE THE CARPET SELECTION IN THE BEDROOMS! IT'S ONE OF A KIND! THERE IS ONE BEDROOM DOWNSTAIRS WITH IT'S OWN BATHROOM AND A NICE SIZE LOFT UPSTAIRS. MASTERBATHROOM IS AMAZING! YOU WILL LOVE WHAT THE DESIGNER SELECTED. WINDOWS ARE ALL CASCADE ENERGY STAR LOW-E WITH VINYL FRAMES. A/C UNIT IS A 16 SEER HIGH EFFICIENCY LENNOX! DON'T FORGET TO CHECK OUT THE BEAUTIFUL BACKYARD!
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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 | $2,290 |
| EXPENSES | Loan Payment | -$1,826 |
| Property Tax | -$458 | |
| Property Insurance | -$78 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$296
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$495,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.46%
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) | 3.00% |
| 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
$133,175
LOAN DETAILS
$1,826
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $123,750 |
| Loan Amount | $371,250 |
2.42
YEARS SAVED
$10,453
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$2,291
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
4904 S Tune -- Mesa, AZ 4
- 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $2,290
- $0.88
-
9540 E Travertine Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019
LEASED 08/03/20- Rent
- Rent Per SQFT
- $2,175
- $0.88
-
9809 E Solstice Avenue Mesa, AZ 2
- 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,195
- $0.88
-
9726 E Kinetic Drive Mesa, AZ 3
- 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
LEASED 06/05/20- Rent
- Rent Per SQFT
- $2,250
- $0.90
-
4933 S Tune -- Mesa, AZ 5
- 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019
LEASED 12/14/19- Rent
- Rent Per SQFT
- $2,300
- $0.88
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165435
Last Updated: 11/27/2020
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.
