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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $196.82
- 2 Days on Market
- MLS # : 6200323
- Updated Date : 02/27/2021 at 22:47
CONSTRUCTION
- Beds : 2
- Floor Size : 1,194 sqft
- Baths : 2 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
This charming 2 bed/ 2 bath is in an active 55+ community & has NO HOA! The home boasts plenty of natural light, a spacious living area, ample storage & is a great place to lounge or entertain. The chef's kitchen features quartz countertops, white appliances & a walk-in pantry. The 2 cozy bedrooms both have ceiling fans & closets. The secluded office space with a built in desk leads directly to the private backyard. The low maintenance backyard showcases a plethora of different fruit trees, a storage shed & covered patio space. This home has a newer A/C, a hot water heater & water softener. Don't miss your chance on this amazing opportunity & book your showing today!
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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 | $1,160 |
| EXPENSES | Loan Payment | -$816 |
| Property Tax | -$138 | |
| Property Insurance | -$50 | |
| 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 15% of earned rent to cover both maintenance and periods of vacancy.
$235,000
PROJECTED PRICE
$1,160
PROJECTED RENT
0.49%
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
$68,025
LOAN DETAILS
$816
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
6.67
YEARS SAVED
$18,866
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
-
$1,236
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
6321 E Adobe Road Mesa, AZ 1
- 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,194 Sqft ∙ Built 1970
- Rent
- Rent Per SQFT
- $0
- $0.00
-
5808 E Brown Road #106 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1987
LEASED 02/03/21- Rent
- Rent Per SQFT
- $1,095
- $0.98
-
319 N 61st Way Mesa, AZ 3
- 2 beds 2 baths ∙ 1,231 Sqft ∙ Built 1973 2 beds 2 baths ∙ 1,231 Sqft ∙ Built 1973
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,200
- $0.97
-
645 N 63rd Place Mesa, AZ 4
- 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,152 Sqft ∙ Built 1971
LEASED 04/25/20- Rent
- Rent Per SQFT
- $1,295
- $1.12
-
6257 E Dodge Street Mesa, AZ 5
- 2 beds 2 baths ∙ 1,213 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,213 Sqft ∙ Built 1970
LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,295
- $1.07
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6200323
Last Updated: 02/27/2021
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.
