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3340 E Rochelle Street 
Mesa, AZ
85213
5 Beds 3 Baths 2,294 sqft
Built 2013
INVESTimate
$445,000
List Price
$123,675
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PROPERTY INFO
FACTS
- Built In 2013
- Price/Sqft : $193.98
- 3 Days on Market
- MLS # : 6119355
- Updated Date : 08/25/2020 at 14:11
CONSTRUCTION
- Beds : 5
- Floor Size : 2,294 sqft
- Baths : 3 full
Listing Agent
Realty One Group
Listing Agent's Description
Stunning 5 bed 3 bath home in GATED Lehi Crossing.This ''original owner'' home has upgrades galore! Kitchen has granite & bull-nose edging for a elegant finished look. 42'' staggered upgraded birch soft-close-hinge cabinet doors & mosaic tile backsplash. Stainless steel Whirlpool appliances that convey; Kitchen/Dining area opens to a Great Room, custom butler pantry w/ wine refrigerator. Upgraded Ceramic wood plank tile.Master bedroom is professionally decorated with reclaimed wood on accent wall. Master bath features a large shower/tub, and custom closet cabinets in walk-in closet. Laundry room is conveniently located on 2nd floor. Extended covered patio & popular 2019 ''Baja Shelf''sparkling pool.Pool is 4' - 7' deep. LED string & decorative lighting for your pool-side entertaining
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PRICE & RENT TRENDS
Neighborhood: Lehi Crossing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lehi Crossing
* 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 | $2,080 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$231 | |
| Property Insurance | -$72 | |
| HOA | -$81 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$45
|
||
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.
$445,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.63% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
5.25
YEARS SAVED
$28,558
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
-
$2,149
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3340 E Rochelle Street Mesa, 1
- 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,294 Sqft ∙ Built 2013
- Rent
- Rent Per SQFT
- $0
- $0.00
-
3422 E Riverdale Street Mesa, 2
- 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
LEASED 10/15/19- Rent
- Rent Per SQFT
- $2,000
- $0.95
-
3060 E Russell Street Mesa, 3
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2013
LEASED 05/02/19- Rent
- Rent Per SQFT
- $2,050
- $0.92
-
3359 N Loma Vista -- Mesa, 4
- 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.94
PROPERTY LISTING DETAILS
Realty One Group
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6119355
Last Updated: 08/25/2020
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.
