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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $179.95
- 8 Days on Market
- MLS # : 6186692
- Updated Date : 02/09/2021 at 18:54
CONSTRUCTION
- Beds : 2
- Floor Size : 1,388 sqft
- Baths : 1 full
Listing Agent
Gentry Real Estate
Listing Agent's Description
A beautifully remodeled home in the highly desirable DREAMLAND VILLAS. The home features 2 bedrooms and 1 full bathroom with a fully fenced yard. All new Flooring, Paint, Countertops, Appliances, epoxy patio and carport, newer Roof & A/C unit ... and so much more. It backs the nature hiking/walking trial, no backyard neighbors! Home has a HUGE added enclosed Arizona Room with a large storage closet and INDOOR laundry. All stainless appliances are included. Bathroom has a walk-in shower and new toilet. Large backyard has new trees and a fire pit. Home is move-in ready!! Schedule showing today!
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PRICE & RENT TRENDS
Neighborhood: Dreamland Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dreamland Villa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$147 | |
| Property Insurance | -$54 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$62
|
||
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.
$249,777
PROJECTED PRICE
$1,230
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.1% |
| 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
$71,941
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,444 |
| Loan Amount | $187,333 |
6.67
YEARS SAVED
$20,299
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,395
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
5510 E Colby Street Mesa, AZ 1
- 2 beds 1 baths ∙ 1,388 Sqft ∙ Built 1961 2 beds 1 baths ∙ 1,388 Sqft ∙ Built 1961
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
319 N 61st Way Mesa, AZ 2
- 2 beds 2 baths ∙ 1,231 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,231 Sqft ∙ Built 1973
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,200
- $0.97
-
5478 E Albany Street Mesa, AZ 3
- 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1959 2 beds 1 baths ∙ 1,200 Sqft ∙ Built 1959
![property image]()
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,250
- $1.04
-
5350 E Des Moines Street Mesa, AZ 4
- 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 1966
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,395
- $1.10
-
5522 E Colby Street Mesa, AZ 5
- 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 1971
![property image]()
LEASED 02/06/21- Rent
- Rent Per SQFT
- $1,400
- $0.91
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186692
Last Updated: 02/09/2021
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.
