Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $216.66
- 2 Days on Market
- MLS # : 6196922
- Updated Date : 02/20/2021 at 04:55
CONSTRUCTION
- Beds : 2
- Floor Size : 1,200 sqft
- Baths : 2 full , 1 half
Listing Agent
The John Samuels Agency
Listing Agent's Description
Beautiful fully remodeled 2/2.5 in Mesa priced to sell! This beautiful property has a nice contemporary open concept floor plan. The amenities include stainless steel appliances(to be installed before COE), granite counter tops, and tile showers. This home has a one vehicle attached garage. In addition, property includes a Arizona room with a spacious back yard perfect for entertaining family or friends. Property is close to dining, shopping, schools, and is easily accessible to the US-60 freeway. Don't miss out on this opportunity.
SEE MORE
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 | $1,190 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$153 | |
| Property Insurance | -$51 | |
| HOA | -$50 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$66
|
||
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.
$259,995
PROJECTED PRICE
$1,190
PROJECTED RENT
0.46%
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
$74,649
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,999 |
| Loan Amount | $194,996 |
4.17
YEARS SAVED
$9,935
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,272
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
5645 E Adobe Road Mesa, AZ 2
- 2 beds 3 baths ∙ 1,200 Sqft ∙ Built 1969 2 beds 3 baths ∙ 1,200 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,190
- $0.99
-
5409 E Butte Street Mesa, AZ 1
- 2 beds 1 baths ∙ 1,144 Sqft ∙ Built 1960 2 beds 1 baths ∙ 1,144 Sqft ∙ Built 1960
LEASED 09/11/20- Rent
- Rent Per SQFT
- $1,175
- $1.03
-
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
LEASED 01/07/21- Rent
- Rent Per SQFT
- $1,250
- $1.04
-
6257 E Dodge Street Mesa, AZ 4
- 2 beds 2 baths ∙ 1,213 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,213 Sqft ∙ Built 1970
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,295
- $1.07
-
5350 E Des Moines Street Mesa, AZ 5
- 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 1966
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,395
- $1.10
PROPERTY LISTING DETAILS
The John Samuels Agency
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196922
Last Updated: 02/20/2021
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.
