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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $169.29
- 6 Days on Market
- MLS # : 6173757
- Updated Date : 12/23/2020 at 11:56
CONSTRUCTION
- Beds : 2
- Floor Size : 1,713 sqft
- Baths : 2 full
Listing Agent
North & Co
Listing Agent's Description
WONDERFUL place to call HOME in the 55+ community of Sunland Village East! This 2/2 home with large den and AZ room is over 1700sqft! Home comes completely furnished and is directly across the street from the community pool and tennis courts! AZ room was converted into a dining area and office as seen, but can easily be converted back to the way you prefer! Come see it today!
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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 | $1,510 |
| EXPENSES | Loan Payment | -$1,070 |
| Property Tax | -$175 | |
| Property Insurance | -$61 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$101
|
||
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.
$290,000
PROJECTED PRICE
$1,510
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
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
7.58
YEARS SAVED
$32,389
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,533
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
-
8026 E Kiva Avenue Mesa, AZ 3
- 2 beds 2 baths ∙ 1,713 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,713 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,510
- $0.88
-
2032 S Luther Avenue Mesa, AZ 1
- 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
8241 E Medina Avenue Mesa, AZ 2
- 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,500
- $0.90
PROPERTY LISTING DETAILS
North & Co
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6173757
Last Updated: 12/23/2020
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.
