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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $236.36
- 2 Days on Market
- MLS # : 6263376
- Updated Date : 07/12/2021 at 18:33
CONSTRUCTION
- Beds : 4
- Floor Size : 1,650 sqft
- Baths : 2 full
Listing Agent
Gentry Real Estate
Listing Agent's Description
Get ready to move in & enjoy this charming, highly upgraded gem in desirable Mesa! Boasting 3 roomy bedrooms, 2 spotless bathrooms, 1 car garage, and a grassy front yard w/mature shade tree. Discover the updated interior featuring an inviting great room, cozy family room w/patio access, window treatments, abundant natural light, wood-look tile flooring paired w/soft carpet flooring, and fresh paint inside & out. The kitchen gives you sparkling SS appliances, granite countertops, subway tile backsplash, and white shaker cabinets. Main bedroom has a walk-in closet and private bathroom for an added comfort. Also including a perfectly sized backyard with a covered patio to sit back & relax after a busy day. Close to freeway, schools, shopping, and more. A great starter home for you! Must see!
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PRICE & RENT TRENDS
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$1,355 |
| Property Tax | -$202 | |
| Property Insurance | -$59 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$215
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$109,100
LOAN DETAILS
$1,355
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
2.75
YEARS SAVED
$8,533
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,695
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
514 S Stewart -- Mesa, AZ 2
- 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1960
![property image]()
- Rent
- Rent Per SQFT
- $1,500
- $0.91
-
1051 S Dobson Road #201 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979
![property image]()
LEASED 01/01/21- Rent
- Rent Per SQFT
- $1,500
- $0.94
-
1347 W 7th Drive Mesa, AZ 3
- 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1968
![property image]()
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,525
- $0.94
-
1019 W Enid Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,494 Sqft ∙ Built 1972
![property image]()
LEASED 04/02/21- Rent
- Rent Per SQFT
- $1,750
- $1.17
-
1543 W 2nd Street Mesa, AZ 5
- 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966
![property image]()
LEASED 10/02/20- Rent
- Rent Per SQFT
- $1,945
- $1.06
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6263376
Last Updated: 07/12/2021
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.
