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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $216.85
- 4 Days on Market
- MLS # : 6177858
- Updated Date : 01/08/2021 at 17:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,775 sqft
- Baths : 2 full
Listing Agent
Exp Realty
Listing Agent's Description
Fantastic opportunity to own this 3bed home tucked into the desirable golf course community of August Ranch. This gem features great curb appeal leading into the light and bright interior with vaulted ceilings, tile flooring and an open concept floorplan. Kitchen will delight any chef with ss appliances, granite countertops and a center island with breakfast bar seating. Spacious master retreat includes luxurious en suite with dual vanities, soaking tub and separate shower go straight to the yard through the sliding door . The beautiful backyard with covered patio and firepit is the perfect place to relax and enjoy the Arizona lifestyle year round. Community amenities include elementary school, volleyball courts, soccer fields, walking and bike baths, golf course, night security and more!
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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 | $1,750 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$232 | |
| Property Insurance | -$62 | |
| HOA | -$22 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$2
|
||
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.
$384,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.45%
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
$107,749
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,225 |
| Loan Amount | $288,675 |
5.33
YEARS SAVED
$21,593
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,757
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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2258 S Abbey -- Mesa, AZ 1
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LEASED 02/12/20- Rent
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- $1,699
- $0.89
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2144 S Keene Avenue Mesa, AZ 3
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LEASED 11/25/20- Rent
- Rent Per SQFT
- $1,795
- $1.02
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2104 S Joplin -- Mesa, AZ 4
- 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2000
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LEASED 12/11/20- Rent
- Rent Per SQFT
- $1,795
- $1.06
-
9837 E Kiowa Avenue Mesa, AZ 5
- 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2001
![property image]()
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,895
- $0.99
PROPERTY LISTING DETAILS
Exp Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6177858
Last Updated: 01/08/2021
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.
