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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $199.73
- 3 Days on Market
- MLS # : 6172733
- Updated Date : 12/19/2020 at 12:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,253 sqft
- Baths : 2 full
Listing Agent
Realty One Group
Listing Agent's Description
The brick pavers in the entry way lead you into a home that has been completely remodeled! This great room floor plan has new flooring throughout with carpet in three of the four bedrooms and wood plank tile in the remainder of the home. New kitchen with a large peninsula, new cabinets, quartz counters, new stainless steel appliances, the list goes on. New windows and new paint inside and out. Both bathrooms have been remodeled with quartz counters and the master bath has dual sinks and the shower is tiled with a glass door. New hot water heater. The pool has been redone with new pebble tec surface and all new pool equipment. You will not be disappointed, this home is beautiful inside!!
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PRICE & RENT TRENDS
Neighborhood: Mission Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Mission Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,660 |
| Property Tax | -$254 | |
| Property Insurance | -$71 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$85
|
||
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.
$450,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$125,000
LOAN DETAILS
$1,660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
4.5
YEARS SAVED
$24,060
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$2,000
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
635 W Mcnair Street Chandler, AZ 4
- 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $2,000
- $0.89
-
802 W Chilton Street Chandler, AZ 1
- 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,195 Sqft ∙ Built 1981
![property image]()
LEASED 04/24/20- Rent
- Rent Per SQFT
- $1,990
- $0.91
-
557 W Monte Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,995
- $0.88
-
844 W Obispo Avenue Mesa, AZ 3
- 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1984
![property image]()
LEASED 12/10/20- Rent
- Rent Per SQFT
- $2,000
- $0.85
-
718 W Curry Street Chandler, AZ 5
- 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1983 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 1983
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,050
- $0.91
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6172733
Last Updated: 12/19/2020
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.
