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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $220.17
- 4 Days on Market
- MLS # : 6198874
- Updated Date : 02/28/2021 at 01:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,567 sqft
- Baths : 2 full
Listing Agent
Superlative Realty
Listing Agent's Description
Beautiful home in the desirable Boulder Creek subdivision. Very open floor plan with sizable windows letting in plenty of natural light. Great room concept with a large open kitchen & a center island for extra cabinet & counter space. Master suite is spacious with double sinks & walk-in closet. Substantial back yard has plenty of room for a pool. Low-maintenance front and back yards and a covered patio for great outdoor living. Convenient indoor laundry. Brand new roof in 2014. Solar panels for great energy efficiency. Great central location right by the freeway, shopping, schools & restaurants. Tenant in place until 7-31-21.
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PRICE & RENT TRENDS
Neighborhood: Boulder Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Boulder Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,430 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$208 | |
| Property Insurance | -$58 | |
| HOA | -$12 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$145
|
||
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.
$345,000
PROJECTED PRICE
$1,430
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.4% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
3.5
YEARS SAVED
$10,249
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,430
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,446
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
8327 E Posada Avenue Mesa, AZ 1
- 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,430
- $0.91
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8548 E Laguna Azul Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001
LEASED 10/08/20- Rent
- Rent Per SQFT
- $1,550
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8907 E Plana Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 2004
LEASED 12/06/19- Rent
- Rent Per SQFT
- $1,595
- $0.93
-
2856 S 81st Street Mesa, AZ 4
- 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997
LEASED 09/22/19- Rent
- Rent Per SQFT
- $1,599
- $0.91
-
8737 E Onza Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2001
LEASED 11/16/20- Rent
- Rent Per SQFT
- $1,690
- $0.92
PROPERTY LISTING DETAILS
Superlative Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6198874
Last Updated: 02/28/2021
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.
