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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $213.55
- 4 Days on Market
- MLS # : 6186807
- Updated Date : 02/04/2021 at 05:19
CONSTRUCTION
- Beds : 5
- Floor Size : 1,756 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
NO HOA! Rare 5-bedroom single story home on large corner lot upgraded with tile floors throughout, 5'' baseboards, all new windows. Great room open floor plan features large master with custom tiled shower on one side, 4 bedrooms on the other. Kitchen boasts upgraded shaker style cabinets, granite countertops and stainless-steel appliances. From your kitchen sink you can keep an eye on your back yard, covered patio that spans the length of the home, mature citrus tree, and large 10x14 detached workshop with electricity and work benches. New sprinkler system recently installed; new light sconces flanking garage doors are set on a timer. Add an RV gate and there is ample space for RV parking. DID I MENTION NO HOA!!
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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 | $1,540 |
| EXPENSES | Loan Payment | -$1,303 |
| Property Tax | -$195 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$118
|
||
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.
$375,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.41%
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
$105,125
LOAN DETAILS
$1,303
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
4.08
YEARS SAVED
$14,170
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
-
$1,589
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
6242 E Mclellan Road Mesa, AZ 1
- 5 beds 2 baths ∙ 1,756 Sqft ∙ Built 1986 5 beds 2 baths ∙ 1,756 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
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 3
- 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
-
7218 E Northridge Street Mesa, AZ 4
- 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,856 Sqft ∙ Built 2003
LEASED 02/08/20- Rent
- Rent Per SQFT
- $1,795
- $0.97
-
6348 E Fairfield Street Mesa, AZ 5
- 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.96
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6186807
Last Updated: 02/04/2021
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.
