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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $203.70
- 4 Days on Market
- MLS # : 6198727
- Updated Date : 02/27/2021 at 01:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,080 sqft
- Baths : 2 full
Listing Agent
All About Real Estate
Listing Agent's Description
Very charming and well maintained 3 bed/2 bath ranch style home available in Grandview Manor. You will love living in this quiet, well established neighborhood with no HOA, conveniently located walking distance to the elementary school and minutes from freeways, shopping and restaurants. Inviting interior is open and bright with neutral paint tones and large windows for soft natural light throughout. Eat in kitchen with lovely tile flooring and ss appliances. Bedrooms are generously sized and the master includes a full ensuite. The huge backyard is complete with an RV gate, a covered patio, and beautiful mountain views. Lots of room for pets, play, entertaining, or even a pool. This gem will sell in a flash. See it and make it yours.
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PRICE & RENT TRENDS
Zip Code: 85207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85207
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,150 |
| EXPENSES | Loan Payment | -$764 |
| Property Tax | -$116 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$123
|
||
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.
$220,000
PROJECTED PRICE
$1,150
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$64,050
LOAN DETAILS
$764
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $55,000 |
| Loan Amount | $165,000 |
8.33
YEARS SAVED
$24,072
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,150
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
541 N 110th Place Mesa, AZ 1
- 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,080 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2101 W Tufa Street Apache Junction, AZ 2
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1980
![property image]()
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,399
- $0.99
-
10439 E Azalea Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1999
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,400
- $1.08
-
10715 E Emerald Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1998
![property image]()
LEASED 07/22/20- Rent
- Rent Per SQFT
- $1,450
- $1.11
-
513 N Adelle -- Mesa, AZ 5
- 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,388 Sqft ∙ Built 1997
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,500
- $1.08
PROPERTY LISTING DETAILS
All About Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198727
Last Updated: 02/27/2021
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.
