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PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $249.58
- 4 Days on Market
- MLS # : 6154396
- Updated Date : 10/31/2020 at 14:27
CONSTRUCTION
- Beds : 3
- Floor Size : 2,003 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
Gorgeous 1 story 3 bedrooms and 2 baths in sought after subdivision of Alta Mesa on the 12th green golf course lot. Complete remodeled that includes interior paint, tile floors, plantation Shutters, appliances, kitchen cabinets, light fixtures, kitchen island area, granite countertops. Custom sliding doors and screen . Master bedroom boasts double sinks, walk in closet and a walk out sliding door, gorgeous golf view of the green. Additional features include a beautiful pool and spa with a custom pool cover. Built in BBQ area and firepit . Ceiling fans and vaulted ceiling. There is a 4th optional bedroom/office. You have to see it to believe it. Welcome HOME
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PRICE & RENT TRENDS
Neighborhood: Alta Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alta Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,844 |
| Property Tax | -$259 | |
| Property Insurance | -$66 | |
| HOA | -$6 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$565
|
||
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.
$499,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.34%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.9% |
| 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
$138,224
LOAN DETAILS
$1,844
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $124,975 |
| Loan Amount | $374,925 |
0.83
YEARS SAVED
$1,927
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
-
$1,763
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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5539 E Evergreen Street Mesa, AZ 1
- 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1985
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- $0
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1348 N 64th Place Mesa, AZ 2
- 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987
LEASED 09/15/19- Rent
- Rent Per SQFT
- $1,650
- $0.85
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5865 E Jasmine Street Mesa, AZ 3
- 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990
LEASED 07/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.84
-
909 N Seton Street Mesa, AZ 4
- 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,895
- $0.89
-
5449 E Elmwood Street Mesa, AZ 5
- 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988
LEASED 08/04/20- Rent
- Rent Per SQFT
- $1,975
- $0.94
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6154396
Last Updated: 10/31/2020
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.
