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 1985
- Price/Sqft : $184.44
- 2 Days on Market
- MLS # : 6207069
- Updated Date : 03/13/2021 at 21:52
CONSTRUCTION
- Beds : 2
- Floor Size : 1,626 sqft
- Baths : 1 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
PERFECT LOCATION!! 55+ COMMUNITY OF SUNLAND VILLAGE EAST!! Corner lot, right across from the driving range! Beautiful landscaping and curb appeal! Great floorplan with a living/formal dining room, family room, large kitchen with breakfast bar and all newer dishwasher-wall oven-cooktop and refrigerator! Oversized laundry room that you can use as a craft room, office or caretaker space. You will love entertaining in your AZ Room looking out to your beautiful backyard with grapefruit, lemon and ornamental lemon trees! Don't miss the epoxy flooring on the driveway, garage floor, courtyard and patio and the 2-car garage has a workshop for your special projects! New roof was installed in 2018, AC-2014, with your vision don't miss the opportunity to make this house your home!
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,480 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$181 | |
| Property Insurance | -$59 | |
| HOA | -$52 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$47
|
||
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.
$299,900
PROJECTED PRICE
$1,480
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.8% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
6.33
YEARS SAVED
$21,886
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
-
$1,534
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
7812 E Lindner Avenue Mesa, AZ 1
- 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,626 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1043 S Florence Drive Mesa, AZ 2
- 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979
![property image]()
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,100
- $0.85
-
2032 S Luther Avenue Mesa, AZ 3
- 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
2055 S Luther -- Mesa, AZ 4
- 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2003
![property image]()
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,485
- $1.09
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6207069
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
