Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1058 S 72nd Place Mesa, AZ 85208

3 Beds 2 Baths 1,996 sqft Built 1975

$330,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $165.33
  • 2 Days on Market
  • MLS # : 6160590
  • Updated Date : 11/14/2020 at 08:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is the Arizona Golf Resort home you've been waiting for! The 3 bedroom 2 bath with additional arizona room is a blank canvas waiting for your creative vision. You will love the open kitchen, new carpet, large bedrooms, walk in closets, and bright floor plan. The huge cul-de-sac backyard includes diving pool with slide and mature landscaping. 2 car garage with extra large storage room/workshop.All this located near terrific shopping, schools and entertainment...Superstition Springs Mall just around the corner, as well as Home Depot, Target, Costco, and Harkins. Many of the most popular restaurants, too. Parks and golf course nearby. Homes in this area move quickly...Make it Yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Fremont Junior High School High Regular 976 48 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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

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

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,218
Property Tax -$206
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
$61

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

$1,650

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

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 45% 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

6.67

YEARS SAVED

$30,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,801

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,6504$1,8505$1,900
$1,900
RENT COMPS ANALYSIS
  • 1058 S 72nd Place Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,996 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 1893 Leisure World -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1985
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.91
    •  
  • 6935 E Lomita Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,816 Sqft ∙ Built 1995
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 1741 S Clearview Avenue #74 Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1993
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 1741 S Clearview Avenue #29 Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1994
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
PROPERTY LISTING DETAILS
Kathleen M. Moum
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160590
Last Updated: 11/14/2020
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.

BESbswy