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 1995
- Price/Sqft : $167.11
- 2 Days on Market
- MLS # : 6174555
- Updated Date : 12/25/2020 at 19:16
CONSTRUCTION
- Beds : 2
- Floor Size : 1,885 sqft
- Baths : 2 full
Listing Agent
Jason Mitchell Real Estate
Listing Agent's Description
Great Room Floor plan popular 160 Model enhanced by an Expanded Den, Plus an AZ Room Addition. Features include a Split Two Bedroom Layout, Kitchen overlooks the great room, Inside Laundry Room, Tiled Front Patio, Service Sidewalk & Brick Paved Back Patio. Active Adult Community with Golf, Tennis, Swimming Pools, Pickleball, Fitness Centers, Woodshop, Library and many other Groups/Amenities.
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 | $1,630 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$190 | |
| Property Insurance | -$64 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$111
|
||
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.
$315,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.52%
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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
7.58
YEARS SAVED
$35,359
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
-
$1,687
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
7916 E Neville Avenue E Mesa, AZ 1
- 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,885 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2032 S Luther Avenue Mesa, AZ 2
- 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
-
8241 E Medina Avenue Mesa, AZ 3
- 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993
![property image]()
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,500
- $0.90
PROPERTY LISTING DETAILS
Jason Mitchell Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174555
Last Updated: 12/25/2020
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.
