Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1982
- Price/Sqft : $196.08
- 3 Days on Market
- MLS # : 6202822
- Updated Date : 03/06/2021 at 16:18
CONSTRUCTION
- Beds : 3
- Floor Size : 1,785 sqft
- Baths : 2 full
Listing Agent
Re/max Fine Properties
Listing Agent's Description
Large corner lot across from the park. This 3 bedroom 2 bath home has been owned by the same owners for 36 years. Master bedroom has private bath with a shower and vanity. Home owners added an additional room that can be used as family room/bonus room/game room. Kitchen has newer electric glass cooktop stove, newer built in micro, and dishwasher. Lots of cabinets plus walk in pantry and direct entry to garage. Inside laundry room (washer/dryer will not convey) with direct entry to garage. Huge pool needs TLC. It has been drained for a little over a year. Pump, filter and heater did work prior to sellers draining. RV gate and RV parking plus 2 car garage. Roof was replaced in 2000, HVAC in 2009 and water heater in 2011. Home is being sold AS-IS. Professional photos to uploaded on 3/6
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Meadowgreen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadowgreen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,470 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$182 | |
| Property Insurance | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$88
|
||
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.
$350,000
PROJECTED PRICE
$1,470
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.6% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.33
YEARS SAVED
$14,780
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
-
$1,830
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
763 S Fontana -- Mesa, AZ 1
- 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,785 Sqft ∙ Built 1982
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2747 E Dragoon Circle Mesa, AZ 2
- 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 2002
LEASED 10/30/19- Rent
- Rent Per SQFT
- $1,700
- $1.05
-
2954 E Garnet Circle Mesa, AZ 3
- 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1981
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,703
- $1.01
-
3017 E Hampton Circle Mesa, AZ 4
- 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1983
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.00
-
3117 E Enid Avenue Mesa, AZ 5
- 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,800
- $1.04
PROPERTY LISTING DETAILS
Re/max Fine Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6202822
Last Updated: 03/06/2021
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.
