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6348 E Fairfield Street 
Mesa, AZ
85205
4 Beds 2 Baths 1,880 sqft
Built 1986
INVESTimate
$325,000
List Price
$91,875
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $172.87
- 1 Days on Market
- MLS # : 6122666
- Updated Date : 08/25/2020 at 23:45
CONSTRUCTION
- Beds : 4
- Floor Size : 1,880 sqft
- Baths : 2 full
Listing Agent
Homesmart Lifestyles
Listing Agent's Description
Pssst! Dreaming of your 4bd 2ba 1880sf single level charmer in Mesa? If so, your dream has come true! Welcome home to this single level beauty in the highly sought after community of Brookfield West! Steps to Ensenada Park, close to schools, shopping, and more, and best part? MOVE-IN READY! NO HOA, newer paint, carpet, and roof, AND WOW, check out that HUGE LOT, covered patio, sweet little SHE/HE Shed, and RV Gate! This spacious darling offers several living spaces, Stainless Kitchen with bright bay-window, breakfast nook, stainless appliances and YES, the FRIDGE STAYS! Clean as a whistle, this one won't last - come take a look!
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PRICE & RENT TRENDS
Neighborhood: Buckhorn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Buckhorn
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$169 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$9
|
||
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.
$325,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 8.00% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
6
YEARS SAVED
$25,743
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
-
$1,607
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6348 E Fairfield Street Mesa, 1
- 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6710 E University Drive #140 Mesa, 2
- 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,558 Sqft ∙ Built 2004
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,399
- $0.90
-
940 N Sericin Circle Mesa, 3
- 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1988
LEASED 06/17/19- Rent
- Rent Per SQFT
- $1,450
- $0.88
-
6248 E Encanto Street Mesa, 4
- 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, 5
- 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
PROPERTY LISTING DETAILS
Homesmart Lifestyles
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122666
Last Updated: 08/25/2020
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.
