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9529 E Posada Avenue 
Mesa, AZ
85212
4 Beds 2 Baths 1,844 sqft
Built 2000
INVESTimate
$334,900
List Price
$94,499
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $181.62
- 1 Days on Market
- MLS # : 6120355
- Updated Date : 08/26/2020 at 02:15
CONSTRUCTION
- Beds : 4
- Floor Size : 1,844 sqft
- Baths : 2 full
Listing Agent
My Home Group Real Estate
Listing Agent's Description
Must see this charming 4 bedroom, 2 bathroom home in a desireable neighborhood in Mesquite Canyon. Well maintained, your new home offers a spacious layout that flows nicely from one space to anther with dramatic vaulted ceilings, two living spaces which one could be used as a play room and features a cozy rock fireplace. AC Unit replaced in 2016 with a newly added split in 2020 to help keep electric bills low! Beautiful kitchen upgrades and a large master suite featuring a dual sink vanity, separate shower and soaker tub with a walk in closet. In the backyard you'll find there is plenty of space for the family on this oversized lot!
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$202 | |
| Property Insurance | -$63 | |
| HOA | -$49 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$89
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$334,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.49% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,499
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,725 |
| Loan Amount | $251,175 |
4.33
YEARS SAVED
$16,421
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$1,618
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
9529 E Posada Avenue Mesa, 2
- 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,844 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,560
- $0.85
-
9364 E Nopal Avenue Mesa, 1
- 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 2000
LEASED 11/08/19- Rent
- Rent Per SQFT
- $1,495
- $0.87
-
9909 E Lobo Avenue Mesa, 3
- 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,105 Sqft ∙ Built 2001
LEASED 03/15/19- Rent
- Rent Per SQFT
- $1,795
- $0.85
-
8935 E Plana Avenue Mesa, 4
- 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004
LEASED 07/11/20- Rent
- Rent Per SQFT
- $1,800
- $0.84
-
9055 E Posada Avenue Mesa, 5
- 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2004
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,895
- $0.95
PROPERTY LISTING DETAILS
My Home Group Real Estate
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6120355
Last Updated: 08/26/2020
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.
