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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $202.85
- 3 Days on Market
- MLS # : 6168322
- Updated Date : 12/12/2020 at 08:22
CONSTRUCTION
- Beds : 4
- Floor Size : 1,898 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Largest house and yard in Subdivision: 4/2 1900 ft. living space and lot 13,000 ft.. Roof was recently replaced and exterior of home painted. This huge yard is secured with a newer 6' block wall with a 9' RV gate and 10'x14' TUFF shed with power. Yard boasts recently renovated 10' diving pool and spa. Decorative low fence separates the regulation horseshoe pit area. Home is situated perfectly for backyard afternoon-evening shade. The entire back of the home has covered patio with screened in Section off master sliding glass doors. Lush yard of flower beds and mature bird of paradise and trees ( Nectarine, Lemon, Weeping Acacia, Palo Verde and Oleander). Home is priced below market as an allowance for the elbow grease need on the inside of the home. Estate sale due to car accident .
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PRICE & RENT TRENDS
Neighborhood: Dobson Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dobson Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$200 | |
| Property Insurance | -$64 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$17
|
||
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.
$385,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 6.1% |
| 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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
5.67
YEARS SAVED
$29,140
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,855
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
942 W Kiva Avenue Mesa, AZ 4
- 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1977
- Rent
- Rent Per SQFT
- $1,800
- $0.95
-
2339 S Davis Circle Mesa, AZ 1
- 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,695
- $0.94
-
1355 W Nido Avenue Mesa, AZ 2
- 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,775
- $1.03
-
1726 S Henkel Circle Mesa, AZ 3
- 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.90
-
2356 S Davis Circle Mesa, AZ 5
- 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1978
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,975
- $1.04
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6168322
Last Updated: 12/12/2020
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.
