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3220 N Ricardo Circle 
Mesa, AZ
85215
5 Beds 4 Baths 3,400 sqft
Built 1989
INVESTimate
$469,000
List Price
$130,035
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PROPERTY INFO
FACTS
- Built In 1989
- Price/Sqft : $137.94
- 2 Days on Market
- MLS # : 6122157
- Updated Date : 08/24/2020 at 19:44
CONSTRUCTION
- Beds : 5
- Floor Size : 3,400 sqft
- Baths : 3 full , 1 half
Listing Agent
Tramonti Realty
Listing Agent's Description
Fantastic 2 story basement home in beautiful NE Mesa. This home has all the right features and is just awaiting your personal touch. Double-door entrance leads to an open interior w/ vaulted ceilings and spacious rooms. Large open kitchen has plenty of cabinets. Master bdrm is on main floor, 2 beds and roomy loft upstairs and the basement has 2 large bedrooms, living area + bath and storage room that could be converted to another laundry room. Perfect for the kids or as In Laws quarters! Situated on a large cul-de-sac lot, this home has a 3 car garage, ample storage space, huge diving pool, large backyard with covered patio and more. Original owners have immaculately maintained and cared for this home and it shows. Windows were replaced and upgraded within the past couple years ...
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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 | $2,560 |
| EXPENSES | Loan Payment | -$1,730 |
| Property Tax | -$243 | |
| Property Insurance | -$93 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$394
|
||
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.
$469,000
PROJECTED PRICE
$2,560
PROJECTED RENT
0.55%
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
$130,035
LOAN DETAILS
$1,730
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,250 |
| Loan Amount | $351,750 |
10.25
YEARS SAVED
$82,015
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,264
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
3220 N Ricardo Circle Mesa, 1
- 5 beds 4 baths ∙ 3,400 Sqft ∙ Built 1989 5 beds 4 baths ∙ 3,400 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $0
- $0.00
-
7146 E Sandia Circle Mesa, 2
- 4 beds 4 baths ∙ 3,722 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,722 Sqft ∙ Built 2006
LEASED 10/05/19- Rent
- Rent Per SQFT
- $3,500
- $0.94
-
3537 N Sonoran Heights -- Mesa, 3
- 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998
LEASED 08/15/20- Rent
- Rent Per SQFT
- $3,600
- $0.98
PROPERTY LISTING DETAILS
Tramonti Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122157
Last Updated: 08/24/2020
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.
