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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $205.69
- 3 Days on Market
- MLS # : 6162861
- Updated Date : 11/21/2020 at 12:13
CONSTRUCTION
- Beds : 3
- Floor Size : 1,407 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Move in ready 3 bed +2 bath single level home in a fantastic Mesa location! It sits on a quiet interior N/S lot near the grass play area. Open the front door to find high ceilings & an open concept dining area, family room, and kitchen that is perfect for families & entertaining. The spacious split master bedroom features en-suite bath with dual sinks, walk in closet, and an updated shower w/ glass enclosure. Down the hall are two good sized bedrooms and the 2nd bathroom. Updated modern tile flows through the entire home. Other great features include: Newer A/C, inside laundry with full size washer/dryer included, covered patio, recessed lighting & ceiling fans in all the right places, and a 2-car garage w/ direct entry. Easy desert landscaping in the front yard w/ grass in the back.
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$1,068 |
| Property Tax | -$150 | |
| Property Insurance | -$55 | |
| HOA | -$60 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$42
|
||
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.
$289,400
PROJECTED PRICE
$1,390
PROJECTED RENT
0.48%
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
$82,441
LOAN DETAILS
$1,068
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,350 |
| Loan Amount | $217,050 |
5.08
YEARS SAVED
$17,402
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,562
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
9133 E Albany Street Mesa, AZ 1
- 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2002
- Rent
- Rent Per SQFT
- $1,390
- $0.99
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8802 E University Drive #88 Mesa, AZ 2
- 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997
LEASED 01/08/20- Rent
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- $1,490
- $1.10
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8947 E Bramble Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1998
LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,550
- $1.15
-
9146 E Boise Street Mesa, AZ 4
- 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2002
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,595
- $1.04
-
9556 E Baywood Avenue Mesa, AZ 5
- 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2011
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.15
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162861
Last Updated: 11/21/2020
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.
