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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $199.86
- 6 Days on Market
- MLS # : 6180015
- Updated Date : 01/13/2021 at 02:36
CONSTRUCTION
- Beds : 2
- Floor Size : 1,446 sqft
- Baths : 2 full
Listing Agent
United Brokers Group
Listing Agent's Description
NO SHOWINGS UNITL 1/19This wonderful home has been fabulously remodeled top to bottom. You don't want to miss the opportunity to own this two bedroom, two bathroom townhome with a two-car garage. The interior has been completely repainted and is new and fresh. The eat-in kitchen has all brand new cabinets, quartz counter tops, appliances and a center island. The bathrooms have also been nicely remodeled. There is new flooring throughout the home along with new lighting fixtures, ceiling fans and hardware. There is a large living area and a dining area, which makes for a great entertaining space. The bedrooms are split and there is a separate laundry room with a brand new washer and dryer. There is a covered back patio for enjoying our Arizona weather. This home is truly move in ready!
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PRICE & RENT TRENDS
Neighborhood: Moondance Townhouses
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Moondance Townhouses
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,004 |
| Property Tax | -$150 | |
| Property Insurance | -$55 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$62
|
||
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.
$289,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 9.0% |
| 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
$82,335
LOAN DETAILS
$1,004
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
6.42
YEARS SAVED
$21,356
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
-
$1,424
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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7006 E Jensen Street #21 Mesa, AZ 1
- 2 beds 2 baths ∙ 1,446 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,446 Sqft ∙ Built 1987
- Rent
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- $0
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2151 N Recker Road Mesa, AZ 2
- 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971
LEASED 10/16/19- Rent
- Rent Per SQFT
- $1,295
- $1.04
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6262 E Nance Street Mesa, AZ 3
- 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1997 2 beds 2 baths ∙ 1,470 Sqft ∙ Built 1997
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,445
- $0.98
-
6720 E Encanto Street #5 Mesa, AZ 4
- 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,596 Sqft ∙ Built 2002
LEASED 06/20/20- Rent
- Rent Per SQFT
- $1,450
- $0.91
-
7006 E Jensen Street #62 Mesa, AZ 5
- 2 beds 2 baths ∙ 1,481 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,481 Sqft ∙ Built 1995
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,495
- $1.01
PROPERTY LISTING DETAILS
United Brokers Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6180015
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
