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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $229.17
- 4 Days on Market
- MLS # : 6192528
- Updated Date : 02/11/2021 at 22:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,920 sqft
- Baths : 2 full , 1 half
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Welcome to one of the most pristine and illustrious neighborhoods in the East Valley - Cadence at Gateway. Ideally located on an ultra-quiet street, this like-new home has a perfect mixture of high end, luxurious touches with a low maintenance lot. Enjoy the spacious kitchen & living area which opens directly to your cozy, upgraded backyard oasis. Upstairs, you'll be delighted by three sprawling bedrooms, a full secondary bathroom and an easily accessible laundry room. With its smooth layout and sharp finishes, be prepared to feel right at home as soon as you walk through the front door.The Cadence at Gateway community offers all of your desired amenities and then some. Residents enjoy resort-style pools outfitted with full-size waterslides, bocce ball, tennis, beach volleyball an
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PRICE & RENT TRENDS
Zip Code: 85212
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 85212
* 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 | -$1,528 |
| Property Tax | -$217 | |
| Property Insurance | -$65 | |
| HOA | -$125 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$233
|
||
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.
$440,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.41%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 5.9% |
| 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
$122,350
LOAN DETAILS
$1,528
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $110,000 |
| Loan Amount | $330,000 |
2.5
YEARS SAVED
$8,514
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 -
$0.94
LIST RENT PER SQFT
-
$1,824
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
9528 E Travertine Avenue Mesa, AZ 1
- 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,920 Sqft ∙ Built 2019
- Rent
- Rent Per SQFT
- $1,800
- $0.94
-
9728 E Axle Avenue Mesa, AZ 2
- 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017
LEASED 08/26/19- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
9957 E Gamma Avenue Mesa, AZ 3
- 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
LEASED 08/15/19- Rent
- Rent Per SQFT
- $2,100
- $0.95
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6192528
Last Updated: 02/11/2021
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.
