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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $194.26
- 3 Days on Market
- MLS # : 6183557
- Updated Date : 01/22/2021 at 16:59
CONSTRUCTION
- Beds : 4
- Floor Size : 2,316 sqft
- Baths : 2 full , 1 half
Listing Agent
Delex Realty
Listing Agent's Description
Beautifully remodeled 4 bed, 2.5 bath home in the desirable Rancho del Mar neighborhood with no HOA. The neighborhood includes a park and is centrally located near 101 and 60 freeways, minutes to Downtown Gilbert, Chandler and Tempe Marketplace for shopping, dining and entertainment. This home is perfect for entertaining and relaxing with family and friends. Features an open concept, new interior and exterior 2 tone paint, vaulted ceilings, designer kitchen, granite counters, SS appliances, a stunning master suite with an oversized shower and freestanding clawfoot tub. The outdoor space has a covered patio, mature shade trees for privacy, lush grass yard for kids and pets to enjoy. Garage features: storage cabinets, 240V NEMA 14-50 outlet for an electric vehicle (Tesla compatible).
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PRICE & RENT TRENDS
Neighborhood: Rancho del Mar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rancho del Mar
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$233 | |
| Property Insurance | -$72 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$13
|
||
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.
$449,900
PROJECTED PRICE
$1,980
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.1% |
| 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
$124,974
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,475 |
| Loan Amount | $337,425 |
5.5
YEARS SAVED
$27,286
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$2,096
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
638 W Nopal Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
557 W Monte Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,279 Sqft ∙ Built 1994
![property image]()
LEASED 01/01/21- 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 4
- 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
-
1355 W Lobo Avenue Mesa, AZ 5
- 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1978
![property image]()
LEASED 10/18/19- Rent
- Rent Per SQFT
- $2,595
- $0.98
PROPERTY LISTING DETAILS
Delex Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6183557
Last Updated: 01/22/2021
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.
