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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $223.10
- 4 Days on Market
- MLS # : 6167238
- Updated Date : 12/04/2020 at 22:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,524 sqft
- Baths : 2 full
Listing Agent
Call Realty, Inc.
Listing Agent's Description
Lovely 3 BR 2 BA single level home in beautiful Augusta Ranch! Gorgeous remodeled kitchen w/granite countertops, extra large sink &backsplash! stainless steel/black appliances and Pantry. Updated brushed nickel door knobs & lighting throughout the house. The backyardis perfect for entertaining w/expansive flagstone patio & inviting spa! Backyard also has a large storage shed for tools! Spacious Masterbedroom. Masterbath has separate tub/shower & walk-in closet! Inside laundry w/extra storage & washer/dryer included! full 2nd bath. 2 car garagew/additional lighting & newer garage door! medium size RV gate. This is a beautiful community with walking paths, a playground, &basketball court! Great proximity to freeways, restaurants, shopping, & schools! Hurry!
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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 | $1,420 |
| EXPENSES | Loan Payment | -$1,254 |
| Property Tax | -$205 | |
| Property Insurance | -$57 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$218
|
||
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.
$340,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.42%
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
$95,850
LOAN DETAILS
$1,254
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $85,000 |
| Loan Amount | $255,000 |
2.42
YEARS SAVED
$7,051
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
-
$1,593
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,500
- $1.08
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2031 S Alicia -- Mesa, AZ 3
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LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,549
- $1.02
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1646 S Chatsworth -- Mesa, AZ 4
- 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007
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LEASED 02/21/20- Rent
- Rent Per SQFT
- $1,550
- $1.03
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1650 S Crismon Road #49 Mesa, AZ 5
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![property image]()
LEASED 02/16/20- Rent
- Rent Per SQFT
- $1,550
- $1.05
PROPERTY LISTING DETAILS
Call Realty, Inc.
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6167238
Last Updated: 12/04/2020
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.
