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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $180.83
- 3 Days on Market
- MLS # : 6175807
- Updated Date : 01/01/2021 at 23:31
CONSTRUCTION
- Beds : 2
- Floor Size : 1,742 sqft
- Baths : 2 full
Listing Agent
S.j. Fowler Real Estate, Inc.
Listing Agent's Description
This is not your average home in Dreamland 55+ Community! This beautifully updated home has everything you've been looking for! A huge kitchen with raised panel cabinets, soft close drawers, pull-out shelves and sleek S/S appliances. Two bedrooms along with a third room, that can be used as an office or guest room. The large inside laundry provides additional storage and a nice work space . Wood-look flooring in the kitchen & bedrooms add to the appeal of this home. The Trane A/C was installed 2 yrs ago and the water heater replaced last month. Outside you'll find privacy with the block fence, a beautiful custom pergola over a paver patio and plenty of space for a BBQ. The separate workshops are a handyman's dream with a workbench, cabinets, shelves, power, and storage. The Dreamland
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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 | $1,380 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$186 | |
| Property Insurance | -$61 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$142
|
||
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.
$315,000
PROJECTED PRICE
$1,380
PROJECTED RENT
0.44%
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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
3.5
YEARS SAVED
$10,951
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
-
$1,455
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
6108 E Dodge Street Mesa, AZ 1
- 2 beds 2 baths ∙ 1,742 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,742 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6238 E Butte Street Mesa, AZ 2
- 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.76
-
6528 E Barstow Street Mesa, AZ 3
- 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,399
- $0.87
-
864 N 64th Street Mesa, AZ 4
- 2 beds 2 baths ∙ 1,608 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,608 Sqft ∙ Built 1972
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.87
-
6011 E Ensenada Street Mesa, AZ 5
- 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1972
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,410
- $0.84
PROPERTY LISTING DETAILS
S.j. Fowler Real Estate, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6175807
Last Updated: 01/01/2021
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.
