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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $192.85
- 2 Days on Market
- MLS # : 6160526
- Updated Date : 11/13/2020 at 21:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,426 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Come see this tri-level townhome 3 bed, 2 bath home located in the beautiful community of Park Central at Augusta Ranch. Corner unit located next to a grassy area and playground. New carpet and Paint inside. House is move in ready! Stainless steel appliances in the kitchen. Washer/dryer on 1st floor. Walk out balcony on the 2nd floor with 2 bedrooms. Master is located on the 3rd level. Community pool, parks and close to shopping, dining, and freeway access.
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PRICE & RENT TRENDS
Neighborhood: Augusta Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Augusta Ranch
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,290 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$166 | |
| Property Insurance | -$55 | |
| HOA | -$148 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$193
|
||
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.
$275,000
PROJECTED PRICE
$1,290
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| 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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
1.92
YEARS SAVED
$3,870
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,290
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,422
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
9233 E Neville Avenue #1104 Mesa, AZ 1
- 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2002
![property image]()
- Rent
- Rent Per SQFT
- $1,290
- $0.90
-
9233 E Neville Avenue #1160 Mesa, AZ 2
- 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004
![property image]()
LEASED 08/14/20- Rent
- Rent Per SQFT
- $1,300
- $1.02
-
9233 E Neville Avenue #1153 Mesa, AZ 3
- 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2002
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.98
-
9233 E Neville Avenue #1068 Mesa, AZ 4
- 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2002
![property image]()
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,475
- $1.00
-
2821 S Skyline Drive #142 Mesa, AZ 5
- 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2017
![property image]()
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,545
- $0.99
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6160526
Last Updated: 11/13/2020
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.
