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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $172.06
- 4 Days on Market
- MLS # : 6192918
- Updated Date : 02/11/2021 at 18:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,205 sqft
- Baths : 2 full , 1 half
Listing Agent
The Housing Professionals
Listing Agent's Description
*NO HOA* Beautiful, recently remodeled multi-level family home with 4 bedrooms plus den and 3 bathrooms. Fresh interior paint and brand new carpet. Quartz counter-tops for kitchen and all the bathrooms, and new stainless steel appliances were installed in 2019. Upper level features a great family room, kitchen/dinning, and another big TV/bonus family room in the basement for entertainment. 4 bedrooms and 1 additional room for office or easily convert to another bedroom. Covered back patio deck opens up to a spacious north facing backyard with storage/shed with play/tree-house. Centrally located in NE Mesa with great Freeway Access to the Red Mountain 202 & I-60.
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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 | $1,740 |
| EXPENSES | Loan Payment | -$1,318 |
| Property Tax | -$197 | |
| Property Insurance | -$70 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$56
|
||
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.
$379,400
PROJECTED PRICE
$1,740
PROJECTED RENT
0.46%
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
$106,291
LOAN DETAILS
$1,318
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,850 |
| Loan Amount | $284,550 |
6.42
YEARS SAVED
$28,683
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,740
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$1,902
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6124 E Ingram Street Mesa, AZ 3
- 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,740
- $0.79
-
6248 E Encanto Street Mesa, AZ 1
- 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1986
LEASED 05/29/20- Rent
- Rent Per SQFT
- $1,600
- $0.79
-
1348 N 64th Place Mesa, AZ 2
- 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987
LEASED 09/15/19- Rent
- Rent Per SQFT
- $1,650
- $0.85
-
5865 E Jasmine Street Mesa, AZ 4
- 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990
LEASED 07/19/20- Rent
- Rent Per SQFT
- $1,750
- $0.84
-
1848 N 67th Street Mesa, AZ 5
- 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986
LEASED 10/17/20- Rent
- Rent Per SQFT
- $2,100
- $0.97
PROPERTY LISTING DETAILS
The Housing Professionals
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192918
Last Updated: 02/11/2021
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.
