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 1987
- Price/Sqft : $256.92
- 2 Days on Market
- MLS # : 6203617
- Updated Date : 03/06/2021 at 18:37
CONSTRUCTION
- Beds : 2
- Floor Size : 1,265 sqft
- Baths : 1 full , 1 half
Listing Agent
Homesmart
Listing Agent's Description
A beautiful home in Mesa's Sunland Village is now on the market! Located on a premium corner lot, and with easy access to the community's refreshing pool, tennis court, and lush golf course, you won't find a better place than this! The home itself will also impress you with its charming curb appeal, 2 car garage, and low maintenance desert landscaping. Inside, you will find a desirable interior with vaulted ceilings, tile flooring, recessed lighting, neutral paint, & plantation shutters. Galley kitchen is equipped with essential appliances, popular grey cabinets, & granite countertops. Master bedroom includes his/her closet & a convenient bathroom. Sit back & relax while enjoying your favorite beverage under the covered patio in your private backyard. Make this gem yours now. Call today!
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 | $1,250 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$196 | |
| Property Insurance | -$52 | |
| HOA | -$4 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$230
|
||
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.
$325,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.38%
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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
2.25
YEARS SAVED
$4,822
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
-
$1,256
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
8342 E Kilarea Avenue Mesa, AZ 1
- 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $0
- $0.00
-
9255 E Lompoc Avenue Mesa, AZ 2
- 2 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,275 Sqft ∙ Built 2000
LEASED 08/30/30- Rent
- Rent Per SQFT
- $1,150
- $0.90
-
2064 S Farnsworth Drive #13 Mesa, AZ 3
- 2 beds 2 baths ∙ 1,192 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,192 Sqft ∙ Built 1987
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,295
- $1.09
-
2032 S Luther Avenue Mesa, AZ 4
- 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
-
2055 S Luther -- Mesa, AZ 5
- 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2003
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 #: 6203617
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.
