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8118 E Neville Avenue E 
Mesa, AZ
85209
2 Beds 2 Baths 1,907 sqft
Built 1995
INVESTimate
$320,000
List Price
$90,550
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PROPERTY INFO
FACTS
- Built In 1995
- Price/Sqft : $167.80
- 5 Days on Market
- MLS # : 6121317
- Updated Date : 08/24/2020 at 19:14
CONSTRUCTION
- Beds : 2
- Floor Size : 1,907 sqft
- Baths : 2 full
Listing Agent
Farnsworth Realty & Management Company
Listing Agent's Description
Roller shields throughout,, Tile roof, 10x18 room addition by original builder, open entry, heated & cooled. All rooms nice sized. Nice Curb appeal. Lots of furniture available, kitchen sola tube skylight, jacuzzi tub, north back patio. Great storage.Priced to sell.
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PRICE & RENT TRENDS
Neighborhood: Sunland Village East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sunland Village East
* 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 | $1,620 |
| EXPENSES | Loan Payment | -$1,181 |
| Property Tax | -$193 | |
| Property Insurance | -$64 | |
| HOA | -$47 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$36
|
||
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.
$320,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 4.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$90,550
LOAN DETAILS
$1,181
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
6.25
YEARS SAVED
$26,932
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
-
$1,824
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
8118 E Neville Avenue E Mesa, 1
- 2 beds 2 baths ∙ 1,907 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,907 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $0
- $0.00
-
2032 S Luther Avenue Mesa, 2
- 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
8241 E Medina Avenue Mesa, 3
- 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,658 Sqft ∙ Built 1993
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,500
- $0.90
-
8605 E Lobo Avenue Mesa, 4
- 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2015 2 beds 2 baths ∙ 1,616 Sqft ∙ Built 2015
LEASED 04/20/19- Rent
- Rent Per SQFT
- $1,745
- $1.08
PROPERTY LISTING DETAILS
Farnsworth Realty & Management Company
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6121317
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.
