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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $158.94
- 4 Days on Market
- MLS # : 6146780
- Updated Date : 11/05/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 2,501 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful house with huge vaulted ceilings right when you enter! Nicely painted exterior. This home could be 3bed or 4bed with 3 bathrooms. Three of the bedrooms on the top-level w/Kitchen. Downstairs 1/2 submerged underground is a private master bedroom w/an armoire closet & a separate entrance that can easily be made into a bonus room, 1/2 submerged basement or use it for guests. There are 2 separate outside patio areas on a huge lot making it easy to entertain. ONLY 1 neighbor on corner lot. NO HOA and there is an RV gate for you to park your boat or trailer.Interior recently updated. Carpet, flooring, partial bathrooms, and kitchen have been updated. Come check this house out today!
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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 | $1,970 |
| EXPENSES | Loan Payment | -$1,467 |
| Property Tax | -$206 | |
| Property Insurance | -$76 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$122
|
||
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.
$397,500
PROJECTED PRICE
$1,970
PROJECTED RENT
0.50%
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
$111,088
LOAN DETAILS
$1,467
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,375 |
| Loan Amount | $298,125 |
7.5
YEARS SAVED
$43,503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,182
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
7245 E Greenway Street Mesa, AZ 3
- 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,501 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,970
- $0.79
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7250 E Gary Street Mesa, AZ 1
- 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1986
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,725
- $0.79
-
1010 N Gila Verde Street Mesa, AZ 2
- 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,900
- $0.81
-
6124 E Ingram Street Mesa, AZ 4
- 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 1987
LEASED 11/06/19- Rent
- Rent Per SQFT
- $2,024
- $0.92
-
1848 N 67th Street Mesa, AZ 5
- 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986
LEASED 10/17/20- Rent
- Rent Per SQFT
- $2,100
- $0.97
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6146780
Last Updated: 11/05/2020
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.
