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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $259.07
- 1 Days on Market
- MLS # : 6165696
- Updated Date : 11/28/2020 at 22:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,571 sqft
- Baths : 2 full
Listing Agent
Fielders Choice Realty
Listing Agent's Description
This 3 bedroom, 2 bathroom home is located in a gated subdivision within the prestigious Las Sendas Master Community. This home has it all, Large yard with lush green grass, Fire pit and charming seating area tucked beneath shade trees are the focus of this beautiful back yard. Climb the spiral staircase to enjoy the dramatic mountain and city views from your own observation deck. This 3 bedroom 2 bathroom, Las Sendas home features High-end ceiling fans to help keep everything cool during the summer months. Vaulted ceilings make the open floor plan feel expansive. Kitchen includes stunning black granite and rich Cherry wood cabinets, Stainless appliances, under cabinet lighting and R/O system. (See MORE info in the MORE Tab)
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PRICE & RENT TRENDS
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,502 |
| Property Tax | -$211 | |
| Property Insurance | -$58 | |
| HOA | -$37 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$296
|
||
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.
$407,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.40%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 2.0% |
| 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
$113,605
LOAN DETAILS
$1,502
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $101,750 |
| Loan Amount | $305,250 |
2.08
YEARS SAVED
$6,631
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
-
$1,712
COMP ESTIMATED VALUE -
$1.09
COMP AVG. RENT PER SQFT
Comps Range
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- $1,799
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6510 E Raftriver Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1993
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,850
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6606 E Saddleback Street Mesa, AZ 5
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LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,895
- $1.11
PROPERTY LISTING DETAILS
Fielders Choice Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6165696
Last Updated: 11/28/2020
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.
