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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $162.27
- 3 Days on Market
- MLS # : 6170474
- Updated Date : 12/12/2020 at 11:08
CONSTRUCTION
- Beds : 2
- Floor Size : 1,540 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
Charming 2 bed, 1.75 bath home w/ 2-car garage in Dreamland Villa Retirement Community - an age restricted community, with voluntary, low-cost membership fees. Step into the open living/dining room combo with large picture window to provide natural light. The kitchen offers ample cabinet storage with built-in microwave and wall oven, along with a quaint eating counter. Spread out to the den or adjacent Arizona Room, both boasting beautiful wood laminate flooring. Fresh paint and ceiling fans throughout. Spacious bedrooms w/ ample closet space, open to hallway with 2 additional storage closets. Oversized laundry room w/ sink and large private storage closet w/ cabinetry and shelving. Huge covered patios to enjoy the Arizona weather, overlooking mature citrus trees. Backyard features
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PRICE & RENT TRENDS
Neighborhood: Encanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Encanto
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,310 |
| EXPENSES | Loan Payment | -$922 |
| Property Tax | -$147 | |
| Property Insurance | -$57 | |
| HOA | -$14 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$71
|
||
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.
$249,900
PROJECTED PRICE
$1,310
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 5.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$71,974
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
7.17
YEARS SAVED
$25,144
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
-
$1,417
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
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6639 E Des Moines Street Mesa, AZ 1
- 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,540 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $0
- $0.00
-
6522 E Boston Street Mesa, AZ 2
- 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,577 Sqft ∙ Built 1978
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,350
- $0.86
-
6528 E Barstow Street Mesa, AZ 3
- 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,399
- $0.87
-
864 N 64th Street Mesa, AZ 4
- 2 beds 2 baths ∙ 1,608 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,608 Sqft ∙ Built 1972
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.87
-
6551 E Des Moines Street Mesa, AZ 5
- 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1975 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1975
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,550
- $1.08
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6170474
Last Updated: 12/12/2020
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.
