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1011 S Roanoke Street Mesa, AZ 85206

2 Beds 2 Baths 1,583 sqft Built 1978

$269,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $169.93
  • 3 Days on Market
  • MLS # : 6190396
  • Updated Date : 02/06/2021 at 19:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,583 sqft
  • Baths : 1 full , 1 half
Listing Agent

Farnsworth Realty & Management Company

Listing Agent's Description

LIVE WITHIN A BLOCK OF THE GOLF COURSE. THIS 1978 FARNSWORTH MODEL 300 HAS NOTABLE UPGRADES: EXTRA ATTIC INSULATION/STORAGE CABINETS IN 2 CAR GARAGE/EXTENDED PATIO/ELECTRIC BLINDS IN LR, AZ RM & MANUAL IN BDRMS & GARAGE. ORANGE/TANGERINE/LEMON & GRAPEFRUIT TREES. . ANNUAL CONTRACTED TERMITE INSPECTION REPORT AVAILABLE.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$242,100$295,900$269,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$934
Property Tax -$183
Property Insurance -$58
HOA -$4
Property Management Fees -$99
CASH FLOW
$52

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.

$269,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,035

INVESTMENT

$77,035

Down Payment
$67,250
Rehab Estimate
$5,750
Closing Costs
$4,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$934

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,250
Loan Amount $201,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$20,129

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,330

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,414

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2993$1,3004$1,330
$1,330
RENT COMPS ANALYSIS
  • 1011 S Roanoke Street Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,583 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,583 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.84
    •  
  • 163 N 58th Street Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,328 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,328 Sqft ∙ Built 1971
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.90
    •  
  • 5056 E Enid Avenue Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.87
    •  
  • 4115 E Clovis Avenue Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joseph Lee Brown
Farnsworth Realty & Management Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190396
Last Updated: 02/06/2021
support@investimateroi.com

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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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