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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $205.83
- 2 Days on Market
- MLS # : 6176449
- Updated Date : 01/02/2021 at 21:09
CONSTRUCTION
- Beds : 4
- Floor Size : 1,647 sqft
- Baths : 2 full
Listing Agent
Apache Gold Realty, Llc
Listing Agent's Description
This 4 bedroom, 2 bath home is situated in the charming community of Parkwood Ranch. Step inside and you are sure to love the vaulted ceilings, open, light and bright floor plan. Heat pump just 7 years new. Great sized lot to put your dream pool in. Hard to find r/v parking. Take a look quick because homes don't last long in this awesome subdivision.
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PRICE & RENT TRENDS
Neighborhood: Providence at Parkwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Providence at Parkwood Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$176 | |
| Property Insurance | -$59 | |
| HOA | -$17 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$182
|
||
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.
$339,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.6% |
| 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
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
3.25
YEARS SAVED
$10,517
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,453
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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525 S 104th Street Mesa, AZ 1
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- Rent
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- $1,490
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- $1,495
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- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
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10129 E Carmel Avenue Mesa, AZ 5
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.90
PROPERTY LISTING DETAILS
Apache Gold Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176449
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
