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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $226.89
- 2 Days on Market
- MLS # : 6203378
- Updated Date : 03/06/2021 at 20:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,763 sqft
- Baths : 1 full , 1 half
Listing Agent
Keller Williams Integrity First
Listing Agent's Description
***MOVE-IN READY, MINT CONDITION IN EAST MESA!!***Don't miss this GORGEOUS 3bed/1.75bath home located in the HEART OF E. MESA! Beautifully maintained and loaded with extras including GRANITE COUNTER TOPS, TILE FLOORING, BRAND NEW CARPETING, NEW STAINLESS APPLIANCES....and A SPARKLING PEBBLE SHEEN POOL. Located in the highly sought-after AUGUSTA RANCH COMMUNITY, this one is LOADED WITH UPGRADES including FRESH INTERIOR PAINT and NEW AC SYSTEM!! Lots of shopping, restaurants, schools and easy freeway access nearby. Finishing touches include private COVERED PATIO area LARGE LOT with MATURE CITRUS TREES....ORANGE, GRAPEFRUIT and LEMON. A spacious 2-car garage with BUILT-IN CABINETS offers plenty of room for storage. HURRY, THIS ONE WON'T LAST LONG!!...
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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 | $1,740 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$241 | |
| Property Insurance | -$62 | |
| HOA | -$23 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$74
|
||
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.
$400,000
PROJECTED PRICE
$1,740
PROJECTED RENT
0.44%
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
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
4.33
YEARS SAVED
$16,824
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
-
$1,754
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/15/20- Rent
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- $1,650
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9533 E Keats Avenue Mesa, AZ 3
- 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1999
LEASED 01/19/21- Rent
- Rent Per SQFT
- $1,700
- $0.96
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2144 S Keene Avenue Mesa, AZ 4
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999
LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,795
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9366 E Kiva Avenue Mesa, AZ 5
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LEASED 01/04/21- Rent
- Rent Per SQFT
- $1,875
- $1.02
PROPERTY LISTING DETAILS
Keller Williams Integrity First
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6203378
Last Updated: 03/06/2021
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.
