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PROPERTY INFO
FACTS
- Single Family
- Built In 1955
- Price/Sqft : $244.79
- 2 Days on Market
- MLS # : 6187779
- Updated Date : 01/30/2021 at 14:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,123 sqft
- Baths : 1 full
Listing Agent
Gary Call Real Estate
Listing Agent's Description
WOW, All This for Under $275K! Beautifully Updated Home Finished to Perfection w/the Latest Designer Finishes * 3 Bedrooms PLUS Den * NEW Gourmet Stainless Steel Kitchen w/White Shaker Cabinetry * Subway Tile Backsplash * Stainless Appliances w/Gas Range * Premium Granite Countertops * Single Bowl Stainless Sink * New 6 1/4'' Decorative Baseboard * Fresh Interior Paint in Warm Grey Tones * Crown Molding in Living Area * Wood-Plank Tile * New Plush Carpeting in Bedrooms * 100% Updated Bathroom * New Bronze Door Hardware, Lights & Fans * Fresh Exterior Paint * Large Storage Shed/Workshop * New Roof * New Vinyl Low-E Windows * NO HOA...Bring Your Toys * Beautifully Landscaped Front Yard w/Water Efficient Artificial Grass * 100% Move-in Ready * Come See it Today Before It's Gone!
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PRICE & RENT TRENDS
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: West Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,060 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$143 | |
| Property Insurance | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$186
|
||
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.
$274,900
PROJECTED PRICE
$1,060
PROJECTED RENT
0.39%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 8.2% |
| 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
$78,599
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,725 |
| Loan Amount | $206,175 |
2.33
YEARS SAVED
$4,388
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
-
$1,157
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
717 S Pima -- Mesa, AZ 1
- 3 beds 1 baths ∙ 1,123 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,123 Sqft ∙ Built 1955
- Rent
- Rent Per SQFT
- $0
- $0.00
-
315 E 7th Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1950
LEASED 03/13/20- Rent
- Rent Per SQFT
- $1,295
- $1.02
-
641 N Lesueur Circle Mesa, AZ 3
- 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1968
LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,395
- $1.04
PROPERTY LISTING DETAILS
Gary Call Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187779
Last Updated: 01/30/2021
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.
