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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $226.83
- 3 Days on Market
- MLS # : 6196197
- Updated Date : 02/18/2021 at 23:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,543 sqft
- Baths : 2 full
Listing Agent
Realty Executives
Listing Agent's Description
WOW! Absolutely gorgeous single-story 3 bedroom/2 bath home with neighborhood parks and playgrounds both across the street and directly behind! Spacious Great Room floorplan offers split bedroom plan and open vaulted ceilings throughout living area. Home is loaded with upgrades including: 16'' tile throughout living areas; bay windows in both breakfast nook and maser bedroom; ceilings fans in all rooms; maple cabinets in kitchen; double sinks and garden tub in master bath; master walk-in closet; updated light fixtures; 2 car garage; and lots more! Perfect starter home, featuring popular Gilbert schools but lower Mesa property taxes, and convenient access to the 202. Hurry, this won't last long with all of these features at this price!
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PRICE & RENT TRENDS
Neighborhood: Lesueur Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lesueur Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$211 | |
| Property Insurance | -$57 | |
| HOA | -$19 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$52
|
||
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.
$350,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.44%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
4.67
YEARS SAVED
$16,998
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,543
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
8549 E Monte Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,550
- $1.00
-
8548 E Laguna Azul Avenue Mesa, AZ 1
- 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
- $0.93
-
2329 S Gordon Street Mesa, AZ 3
- 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001
LEASED 11/05/20- Rent
- Rent Per SQFT
- $1,695
- $1.00
-
8551 E Lakeview Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001
LEASED 01/11/21- Rent
- Rent Per SQFT
- $1,700
- $1.02
-
8521 E Desert Lane Mesa, AZ 5
- 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,750
- $1.05
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196197
Last Updated: 02/18/2021
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.
