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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $157.32
- 2 Days on Market
- MLS # : 6176453
- Updated Date : 01/02/2021 at 21:29
CONSTRUCTION
- Beds : 4
- Floor Size : 1,907 sqft
- Baths : 3 full
Listing Agent
Professional Real Estate Negotiators
Listing Agent's Description
Investor Special or Handyman Home Owner that wants a project. Home has month to month tenants. No showings and sight unseen offers only. Do not disturb the tenants. The home is currently divided into 2 sections that are rented out. Perfect Mother-in-Law section or casita. Main home has living room Kitchen, 3 bedrooms and 2 bathrooms. Back half of the home as 1 bedroom living room kitchen and bathroom.
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,670 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$156 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$244
|
||
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.
$300,000
PROJECTED PRICE
$1,670
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$85,250
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $75,000 |
| Loan Amount | $225,000 |
10
YEARS SAVED
$50,754
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
-
$1,635
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
558 E 9th Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1973 4 beds 3 baths ∙ 1,907 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $0
- $0.00
-
433 S Pioneer -- Mesa, AZ 2
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1978
LEASED 08/31/20- Rent
- Rent Per SQFT
- $1,475
- $0.93
-
844 E 10th Avenue Mesa, AZ 3
- 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,525
- $0.85
-
817 E Glade Avenue Mesa, AZ 4
- 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1989
LEASED 11/20/19- Rent
- Rent Per SQFT
- $1,549
- $0.82
-
49 W Beall Avenue Mesa, AZ 5
- 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,927 Sqft ∙ Built 1968
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,600
- $0.83
PROPERTY LISTING DETAILS
Professional Real Estate Negotiators
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176453
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.
