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651 E GLADE Avenue, Mesa, AZ 85204

3 beds • 2 baths • 1390 sqft

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This property looks like a bad Long-Term investment with a projected -2.8% first-year return on $63,000 initial cash invested.

-2.8%

Cash On Cash

5.87%

Cap Rate

0.97

DSCR

$2,100

Rent

-$147

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,100

Total Expenses

$2,247

Mortgage P&I

72%

$1,509

Property Taxes

4%

$87

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

120 E Glade Ave, Mesa, AZ 85210

$1,995

3

2

1390

0.7 mi

1056 S Lazona Dr, Mesa, AZ 85204

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2

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2

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3

2

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0.1 mi

104 W Rancho Del Cerro

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4

2

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1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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$1,100

2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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