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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $217.58
- 2 Days on Market
- MLS # : 6174160
- Updated Date : 12/26/2020 at 13:59
CONSTRUCTION
- Beds : 4
- Floor Size : 1,604 sqft
- Baths : 2 full
Listing Agent
Gentry Real Estate
Listing Agent's Description
Start the new year out right in this gorgeous, newly remodeled home in desirable Sherwood Manor of Mesa! This freshly painted home has incredible curb appeal with a brand new roof and no HOA! You are sure to love this single level, 4 bed, 2 bath, home with an open floor plan. The large kitchen boasts of new quartz counter tops, plenty of cabinet space with undermount lighting, a large pantry, and slate accents. The home has beautiful, new porcelain tile in all the main areas and new, neutral carpet in all 4 bedrooms. The dining room fireplace provides a cozy atmosphere on winter nights. Both bathrooms have new custom updates. New AC with ducts this summer! The home has a generously sized backyard that's a clean slate, so bring your imagination. This one won't last long so come see today!
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PRICE & RENT TRENDS
Neighborhood: Sherwood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sherwood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$181 | |
| Property Insurance | -$58 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$176
|
||
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.
$349,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.42%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 11.3% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
3.42
YEARS SAVED
$11,713
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,508
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
846 E Gable Avenue Mesa, AZ 2
- 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,604 Sqft ∙ Built 1977
![property image]()
- Rent
- Rent Per SQFT
- $1,450
- $0.90
-
1050 S Stapley Drive #1 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1979
![property image]()
LEASED 10/16/20- Rent
- Rent Per SQFT
- $1,450
- $0.97
-
1559 E Flower Circle Mesa, AZ 3
- 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976
![property image]()
LEASED 09/04/19- Rent
- Rent Per SQFT
- $1,495
- $0.94
-
844 E 10th Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978
![property image]()
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,525
- $0.85
-
536 E Harmony Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1971
![property image]()
LEASED 05/23/20- Rent
- Rent Per SQFT
- $1,550
- $1.00
PROPERTY LISTING DETAILS
Gentry Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6174160
Last Updated: 12/26/2020
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.
