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 2000
- Price/Sqft : $185.19
- 4 Days on Market
- MLS # : 6187573
- Updated Date : 02/05/2021 at 17:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,160 sqft
- Baths : 2 full , 1 half
Listing Agent
Realty One Group
Listing Agent's Description
THIS is the Home You Have Been Waiting For! Upgraded 4 bedroom, 2.5 bath home. Beautiful Hard Surface Floors throughout. Kitchen with Crisp White Cabinets and Island, open to Family Room. Follow the wood railed staircase to a Spacious Master Retreat. Enjoy your relax time on the full length Balcony with Stunning Mountain Views. Oversized secondary bedrooms as well. Step outside to your Large Backyard with a HEATED POOL and lawn perfect for the kids and pets. Storage Galore in your 2.5 car garage. Home is located Next to lush Greenbelt/Park with walking paths. RV gate~N/S facing~Gas Stub for Stove & BBQ~ GILBERT Schools~ Excellent Freeway access~The list goes on and on! HURRY at this price point this Home WILL NOT LAST!
SEE MORE
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 | $1,840 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$241 | |
| Property Insurance | -$69 | |
| HOA | -$18 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$23
|
||
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.
$400,000
PROJECTED PRICE
$1,840
PROJECTED RENT
0.46%
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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
5.75
YEARS SAVED
$26,238
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,960
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
8550 E Monte Avenue Mesa, AZ 1
- 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,840
- $0.85
-
8735 E Lakeview Avenue Mesa, AZ 2
- 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,989 Sqft ∙ Built 2000
LEASED 10/26/20- Rent
- Rent Per SQFT
- $1,850
- $0.93
-
8637 E Monterey Avenue Mesa, AZ 3
- 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2000
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,875
- $0.87
-
2832 S Lynch Circle Mesa, AZ 4
- 3 beds 3 baths ∙ 2,049 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,049 Sqft ∙ Built 2020
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.92
-
2852 S Lynch -- Mesa, AZ 5
- 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,193 Sqft ∙ Built 2020
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,995
- $0.91
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6187573
Last Updated: 02/05/2021
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.
