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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $222.45
- 2 Days on Market
- MLS # : 6187642
- Updated Date : 01/30/2021 at 00:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,461 sqft
- Baths : 2 full
Listing Agent
West Usa Realty
Listing Agent's Description
LOOKING FOR THAT SPECIAL PLACE TO CALL HOME... FROM YOUR FIRST STEP INSIDE YOU KNOW YOU HAVE FOUND IT. UPDATED IN ALL THE RIGHT PLACES. VAULTED CEILINGS IN THE LIVING ROOM WITH A ROCK WALL FIREPLACE. FAUX WOOD FLOOR THROUGHOUT THE ENTIRE HOME. LARGE KITCHEN WITH NEWER APPLIANCES AND WHITE CABINETS AND LOTS OF WINDOWS. MASTER BEDROOM HAS A WALKIN CLOSET, A BAY WINDOW AND A PRIVATE BATHROOM WITH WHITE CABINETS AND GRANITE COUNTER TOP. THE LARGE BACK YARD HAS A FENCED POOL AND A FIRE PIT AND A RV GATE ON THE SIDE. THE HOUSE WAS JUST PAINTED JANUARY 22, 2021 AND THE FRONT YARD WAS LANDSCAPED JANUARY 29, 2021.
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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 | $1,410 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$169 | |
| Property Insurance | -$56 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$42
|
||
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.
$325,000
PROJECTED PRICE
$1,410
PROJECTED RENT
0.43%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
5.08
YEARS SAVED
$16,863
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
-
$1,487
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
6103 E Ivyglen Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1055 N Recker Road #1279 Mesa, AZ 2
- 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986
LEASED 07/06/20- Rent
- Rent Per SQFT
- $1,425
- $1.08
-
6335 E Brown Road #1108 Mesa, AZ 3
- 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1994
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,525
- $1.02
-
1738 N Pinnule -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,550
- $0.97
-
2329 N Recker Road #17 Mesa, AZ 5
- 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1979
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,595
- $1.00
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187642
Last Updated: 01/30/2021
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.
