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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $238.46
- 2 Days on Market
- MLS # : 6203547
- Updated Date : 03/20/2021 at 07:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,677 sqft
- Baths : 2 full
Listing Agent
Keller Williams Realty Sonoran
Listing Agent's Description
Recently updated Ranch-style 4 bedroom, 2 bath, home nestled in cul-de-sac of established Mesa neighborhood with no HOA. Brand new tile and carpet throughout, stone fireplace, freshly painted interior, new bathroom vanities, new lighting, ceiling fans, and energy efficient windows. Plenty of storage in the 2 car garage. Backyard includes, private pool with gate, patio area for entertaining and barbecuing, and side gate with low maintenance yard and mature foliage. Nearby park with playground and within boundaries of highly sought after A+ elementary school in walking distance. Welcome home!
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PRICE & RENT TRENDS
Neighborhood: The Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$208 | |
| Property Insurance | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$245
|
||
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.
$399,900
PROJECTED PRICE
$1,510
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 5.0% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
2.5
YEARS SAVED
$7,794
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,706
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
661 N Loma Vista Circle Mesa, AZ 2
- 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,677 Sqft ∙ Built 1983
- Rent
- Rent Per SQFT
- $1,510
- $0.90
-
2528 E Contessa Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1994
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,425
- $0.96
-
2711 E Des Moines Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,750
- $1.06
-
2848 E Brown Road #27 Mesa, AZ 4
- 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,799
- $1.05
-
807 N Winthrop Circle Mesa, AZ 5
- 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1999
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,995
- $1.00
PROPERTY LISTING DETAILS
Keller Williams Realty Sonoran
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203547
Last Updated: 03/20/2021
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.
