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1017 N Arvada Street Mesa, AZ 85205

3 Beds 3 Baths 1,406 sqft Built 1987

$330,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $234.71
  • 3 Days on Market
  • MLS # : 6163017
  • Updated Date : 11/20/2020 at 15:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,406 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Fantastic two story with huge great room open to upper balcony. Relaxing pool and fire pit for entertaining by the covered patio. Master bedroom with included full bathroom and dual sinks overlooks the pool. Two more bedrooms overlook the road in the quiet golf course neighborhood. Spacious garage with lots of storage space inside and out.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k286k

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

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181662

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Red Mountain High School High Regular 3,347 145 7

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,218
Property Tax -$171
Property Insurance -$55
HOA -$6
Property Management Fees -$99
CASH FLOW
-$148

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.

$330,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,476

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4253$1,4504$1,4955$1,675
$1,675
RENT COMPS ANALYSIS
  • 1017 N Arvada Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,406 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.00
    •  
  • 1055 N Recker Road #1279 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 5704 E Fairbrook Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1988
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 5503 E Fairfield Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1991
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
  • 5041 E Dallas Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1986
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
PROPERTY LISTING DETAILS
Daryl R Snow
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163017
Last Updated: 11/20/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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