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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $226.54
- 5 Days on Market
- MLS # : 6183274
- Updated Date : 01/22/2021 at 03:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,677 sqft
- Baths : 2 full
Listing Agent
Hague Partners
Listing Agent's Description
Unbelievable amounts of charm and potential!! This amazing home is a blank slate awaiting your impersonal touch! With a perfect open layout with kitchen and great room making entertaining and family time a breeze. The kitchen has a huge island, sparkling granite counters, and an abundance of cabinetry. With two-bedroom spacious bedrooms and a grand, master there is room for everyone! Amazing community to live in complete with a soccer field, lush green common areas, & gorgeous community pool/party area.
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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 | $1,790 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$197 | |
| Property Insurance | -$60 | |
| HOA | -$90 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$24
|
||
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.
$379,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.47%
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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
5.67
YEARS SAVED
$24,703
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,782
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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5053 E Glencove Street Mesa, AZ 3
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- Rent
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- $1,790
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1512 N Balboa -- Mesa, AZ 1
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LEASED 06/05/20- Rent
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- $1,700
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LEASED 09/02/20- Rent
- Rent Per SQFT
- $1,750
- $0.97
-
5064 E Hobart Street Mesa, AZ 4
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LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,795
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,800
- $1.14
PROPERTY LISTING DETAILS
Hague Partners
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183274
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.
