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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $204.91
- 1 Days on Market
- MLS # : 6191093
- Updated Date : 02/07/2021 at 04:07
CONSTRUCTION
- Beds : 2
- Floor Size : 1,264 sqft
- Baths : 2 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
Fantastic split 2 bedroom, 2 bathroom home located on a corner lot in the gated Villas Tuscany. This home is an open floorplan with vaulted ceilings. Kitchen features all appliances. Private backyard has covered patio and extended concrete pad with citrus tree and landscaping. Community features a pool. Centrally located in Mesa, near shopping, dining, freeways, and so much more. Don't miss this home!
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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 | $1,240 |
| EXPENSES | Loan Payment | -$900 |
| Property Tax | -$162 | |
| Property Insurance | -$52 | |
| HOA | -$112 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$84
|
||
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.
$259,000
PROJECTED PRICE
$1,240
PROJECTED RENT
0.48%
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
$74,385
LOAN DETAILS
$900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
3.58
YEARS SAVED
$8,298
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
-
$1,248
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
64 N 63rd Street #59 Mesa, AZ 1
- 2 beds 2 baths ∙ 1,264 Sqft ∙ Built 1999 2 beds 2 baths ∙ 1,264 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $0
- $0.00
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64 N 63rd Street #47 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,123 Sqft ∙ Built 1996 2 beds 2 baths ∙ 1,123 Sqft ∙ Built 1996
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,195
- $1.06
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6710 E University Drive #159 Mesa, AZ 3
- 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004
LEASED 03/31/20- Rent
- Rent Per SQFT
- $1,299
- $0.89
-
6710 E University Drive #142 Mesa, AZ 4
- 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2004
LEASED 08/23/19- Rent
- Rent Per SQFT
- $1,450
- $1.00
-
6710 E University Drive #103 Mesa, AZ 5
- 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,456 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,450
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6191093
Last Updated: 02/07/2021
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.
