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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $203.08
- 3 Days on Market
- MLS # : 6176197
- Updated Date : 01/01/2021 at 23:22
CONSTRUCTION
- Beds : 4
- Floor Size : 1,945 sqft
- Baths : 2 full
Listing Agent
Cooper Premier Properties Llc
Listing Agent's Description
Absolutely CHARMING single level home in very popular Sierra Ranch! LARGE corner lot! Some of the features of this gorgeous home are: Chef's gourmet kitchen with granite counter tops, triple french doors, upgraded stainless steel appliances--sink, double ovens, dishwasher & built in microwave. Beautiful custom cabinets throughout the home! Family room is cozy with a gas fireplace. Large master bedroom with built in plant shelves, nice sized closet and separate shower and tub. Lots of tile and granite. Wait until you see the large sized back yard with the beautiful wall fountain and HUGE brick patio--lots of room for pets to roam, kids to play or build a play pool.--great for entertaining! Close to freeways, restaurants and shopping.Hurry wont last long! Ready for immediate move in
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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
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,457 |
| Property Tax | -$247 | |
| Property Insurance | -$65 | |
| HOA | -$84 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$252
|
||
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.
$395,000
PROJECTED PRICE
$1,700
PROJECTED RENT
0.43%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| 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
$110,425
LOAN DETAILS
$1,457
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
2.42
YEARS SAVED
$8,668
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,736
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
9750 E Jan Avenue Mesa, AZ 5
- 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,945 Sqft ∙ Built 1999
- Rent
- Rent Per SQFT
- $1,700
- $0.87
-
10060 E Isabella Avenue Mesa, AZ 1
- 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006
LEASED 03/30/20- Rent
- Rent Per SQFT
- $1,550
- $0.85
-
10109 E Isabella Avenue Mesa, AZ 2
- 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 4 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $1,650
- $0.91
-
10038 E Impala Avenue Mesa, AZ 3
- 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 2007
LEASED 09/04/20- Rent
- Rent Per SQFT
- $1,695
- $0.88
-
1655 S Wildrose -- Mesa, AZ 4
- 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
LEASED 01/13/20- Rent
- Rent Per SQFT
- $1,700
- $0.93
PROPERTY LISTING DETAILS
Cooper Premier Properties Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6176197
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
