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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $207.64
- 6 Days on Market
- MLS # : 6182927
- Updated Date : 01/19/2021 at 19:24
CONSTRUCTION
- Beds : 2
- Floor Size : 1,440 sqft
- Baths : 1 full , 1 half
Listing Agent
Second Mile Realty
Listing Agent's Description
UNBELIEVABLE views & HUGE lot in Fountain of the Sun! Fully furnished, popular Hopi split bedroom plan.Extremely well maintained & ready for your seasonal or forever home. Beautiful 20' X 10' Arizona room so you can view Painted Mountain from inside or out! Located in the highly desirable Active Adult 55+ Community with Golf Course, on location restaurant, 24 Hour Guard Gated Security, Club House, Pool, Pickle Ball Courts & Much More...
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PRICE & RENT TRENDS
Neighborhood: Fountain of the Sun
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fountain of the Sun
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$1,039 |
| Property Tax | -$155 | |
| Property Insurance | -$55 | |
| HOA | -$7 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$125
|
||
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.
$299,000
PROJECTED PRICE
$1,230
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 7.5% |
| 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
$84,985
LOAN DETAILS
$1,039
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
3.58
YEARS SAVED
$9,213
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
-
$1,166
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
8350 E Emelita Avenue Mesa, AZ 1
- 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,440 Sqft ∙ Built 1978
- Rent
- Rent Per SQFT
- $0
- $0.00
-
8103 E Southern Avenue #319 Mesa, AZ 2
- 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983
LEASED 06/06/20- Rent
- Rent Per SQFT
- $950
- $0.79
-
8103 E Southern Avenue #311 Mesa, AZ 3
- 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,200 Sqft ∙ Built 1983
LEASED 05/15/20- Rent
- Rent Per SQFT
- $950
- $0.79
-
1043 S Florence Drive Mesa, AZ 4
- 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,294 Sqft ∙ Built 1979
LEASED 12/15/20- Rent
- Rent Per SQFT
- $1,100
- $0.85
PROPERTY LISTING DETAILS
Second Mile Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6182927
Last Updated: 01/19/2021
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.
