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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $183.89
- 2 Days on Market
- MLS # : 6196946
- Updated Date : 02/20/2021 at 19:03
CONSTRUCTION
- Beds : 4
- Floor Size : 1,713 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Clean, Cared For & MOVE-IN Ready! This 1713 sq/ft home has all updated big ticket items you won't get in a cosmetic only flip. 4 bed/2 bath/2.5 gar w/following: 2020- Interior Paint. 2019-New 16 SEER AC w/ 10 yr warranty! 2018- Exterior Paint, Granite Countertops in kitchen, & New Roof! Also Included: Dual pane Windows, Block Wall, Water Lines Redone, newer Dishwasher, H2O Softener, Rev Osmosis & newer Shed! Inviting backyard w/citrus, grass, & mature trees is relaxing and beautiful! Oversized garage features a 8x10 storage room with shelves in addition to a generous 22.5 x 23.5 double garage. Double Gates to backyard for your toys. This lovely home is surrounded by single story ranch style houses & has exceptional freeway access to Tempe, ASU, Sky Harbor and Scottsdale. NO HOA
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PRICE & RENT TRENDS
Neighborhood: Colony by the Green
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colony by the Green
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,520 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$163 | |
| Property Insurance | -$61 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$103
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.
$315,000
PROJECTED PRICE
$1,520
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 12.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
7.33
YEARS SAVED
$28,580
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$1,717
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
921 W Indigo Street Mesa, AZ 1
- 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,713 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $0
- $0.00
-
114 W Hunter Street Mesa, AZ 2
- 4 beds 2 baths ∙ 1,398 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,398 Sqft ∙ Built 1979
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,495
- $1.07
-
910 N Cherry -- Mesa, AZ 3
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,500
- $0.99
-
310 W Mclellan Road Mesa, AZ 4
- 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1973
LEASED 12/03/20- Rent
- Rent Per SQFT
- $1,500
- $0.95
-
147 W Hillside Street Mesa, AZ 5
- 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 1981
LEASED 02/16/21- Rent
- Rent Per SQFT
- $1,699
- $1.00
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6196946
Last Updated: 02/20/2021
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.
