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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $199.32
- 3 Days on Market
- MLS # : 6181097
- Updated Date : 01/14/2021 at 23:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,906 sqft
- Baths : 2 full , 1 half
Listing Agent
Gentry Real Estate
Listing Agent's Description
Start the new year off right in this lovely three bedroom, two and a half bath, Mesa home! This two-story home opens up to a living room featuring a quaint dining area. The cozy family room is connected to an open kitchen with granite counter tops, backsplash and wood floors. The upstairs features two spacious bedrooms and a full bathroom. There's also a master bedroom that opens to a large master bath and walk-in closet. The loft has plumbing for a mini-hair salon and can be easily returned back a normal loft or home office. The house sits across from a park with amenities that include basketball courts, a ramada, as well as a BBQ area. On those hot summer days, cool off in the large, fenced-in backyard pool. Oh, and the HOA maintains the front yard. How great is that?! Come see it today!
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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 | $1,750 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$259 | |
| Property Insurance | -$64 | |
| HOA | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$63
|
||
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.
$379,900
PROJECTED PRICE
$1,750
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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
4.5
YEARS SAVED
$16,952
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,820
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
623 S St Paul -- Mesa, AZ 4
- 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,750
- $0.92
-
5334 E Harmony Avenue Mesa, AZ 1
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002
LEASED 06/11/20- Rent
- Rent Per SQFT
- $1,613
- $0.91
-
5337 E Harmony Avenue Mesa, AZ 2
- 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,695
- $0.96
-
5440 E Drummer Avenue Mesa, AZ 3
- 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,725
- $0.94
-
5314 E Flower Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1998
LEASED 04/17/20- Rent
- Rent Per SQFT
- $1,785
- $1.01
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6181097
Last Updated: 01/14/2021
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.
