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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $247.97
- 2 Days on Market
- MLS # : 6196807
- Updated Date : 02/20/2021 at 19:13
CONSTRUCTION
- Beds : 2
- Floor Size : 1,230 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
PRACTICALLY NEW HOME! This gorgeous 2 bed, 2 bath home with a 2 car garage and extra storage is waiting for you! Great room floorplan with lovely tile flooring and carpet in the bedrooms. Granite counters, upgraded square sinks in baths, new backsplash with under cabinet lighting! Large rooms! Walk in shower in the Primary Bathroom, lots of natural lighting with Shutters throughout.Inside laundry with room to hang your clothes! Completed low maintenance yard with cobblestone and upgraded pet friendly turf! Tankless Water heater! Amazing community with grass and park areas and community pool! Don't wait!
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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 | $1,170 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$191 | |
| Property Insurance | -$51 | |
| HOA | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$323
|
||
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.
$305,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.38%
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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
0.67
YEARS SAVED
$796
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
-
$1,185
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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5714 E Butte Street Mesa, AZ 1
- 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2018 2 beds 2 baths ∙ 1,230 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6710 E University Drive #159 Mesa, AZ 2
- 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,299
- $0.89
-
6710 E University Drive #142 Mesa, AZ 3
- 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,450
- $1.00
-
6710 E University Drive #103 Mesa, AZ 4
- 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,450
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196807
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.
