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PROPERTY INFO
FACTS
- Single Family
- Built In 1975
- Price/Sqft : $200.00
- 3 Days on Market
- MLS # : 6162820
- Updated Date : 11/20/2020 at 00:40
CONSTRUCTION
- Beds : 2
- Floor Size : 825 sqft
- Baths : 1 full
Listing Agent
Gold Trust Realty
Listing Agent's Description
Best location in the community, Single level town home across from the community pool, 2 bedrooms, both have walk in closets. Shaded patio. Tile floors throughout, new AC compressor, new water heater, fresh paint.
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PRICE & RENT TRENDS
Neighborhood: Villa Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villa Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $970 |
| EXPENSES | Loan Payment | -$609 |
| Property Tax | -$86 | |
| Property Insurance | -$43 | |
| HOA | -$206 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$73
|
||
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.
$165,000
PROJECTED PRICE
$970
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 14.9% |
| 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
$49,475
LOAN DETAILS
$609
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $41,250 |
| Loan Amount | $123,750 |
2.92
YEARS SAVED
$4,332
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$858
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
948 S Alma School Road #148 Mesa, AZ 1
- 2 beds 1 baths ∙ 825 Sqft ∙ Built 1975 2 beds 1 baths ∙ 825 Sqft ∙ Built 1975
![property image]()
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1432 W Emerald Avenue #737 Mesa, AZ 2
- 2 beds 1 baths ∙ 865 Sqft ∙ Built 1981 2 beds 1 baths ∙ 865 Sqft ∙ Built 1981
![property image]()
LEASED 07/17/19- Rent
- Rent Per SQFT
- $895
- $1.03
-
1730 W Emelita Avenue #1011 Mesa, AZ 3
- 2 beds 2 baths ∙ 954 Sqft ∙ Built 1979 2 beds 2 baths ∙ 954 Sqft ∙ Built 1979
![property image]()
LEASED 12/06/19- Rent
- Rent Per SQFT
- $995
- $1.04
-
1342 W Emerald Avenue #221 Mesa, AZ 4
- 2 beds 2 baths ∙ 1,038 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,038 Sqft ∙ Built 1979
![property image]()
LEASED 01/17/20- Rent
- Rent Per SQFT
- $1,095
- $1.05
-
839 S Westwood -- #262 Mesa, AZ 5
- 2 beds 2 baths ∙ 1,055 Sqft ∙ Built 1984 2 beds 2 baths ∙ 1,055 Sqft ∙ Built 1984
![property image]()
LEASED 02/03/20- Rent
- Rent Per SQFT
- $1,100
- $1.04
PROPERTY LISTING DETAILS
Gold Trust Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6162820
Last Updated: 11/20/2020
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.
