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1130 E Hampton Circle Mesa, AZ 85204

3 Beds 2 Baths 1,995 sqft Built 1979

$400,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $200.50
  • 2 Days on Market
  • MLS # : 6179791
  • Updated Date : 01/16/2021 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,995 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Quality, Style, Upgraded, Oasis. This is THE one! MOVE RIGHT IN to this spacious, warm block home with NO HOA. The Newer Family Room addition (permitted) with closet enhances the flexibility & enjoyment of this expanded floor plan. Master Bedroom has 2 Walk-In closets & beautifully Upgraded Bath. Gorgeous Kitchen with Granite. Too many Upgrades to List: Lighting, Fans, Baseboards, Both Baths, Flooring, and on & on! Amazing Backyard Oasis with 4 YR OLD POOL! 9+ ft RV Gate; Workshop; 200 AMP Elec. Roof 2018; A/C 2015 (incl. new ducts); Pool 2016. Synthetic Stucco; Artificial Turf; Pavers; Dual Pane Windows; Upgraded Doors. You'll Love the Polished Concrete; Upgr. Tile; & Plush New Carpet! Walk to 22-acre Sherwood Park. Quiet Cul-de-Sac, close to Everything. This is a Forever Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sherwood Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $100k271k

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

Neighborhood: Sherwood Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7921567

* 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
Mesa High School High Regular 3,406 155 4

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

Mesa High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,389
Property Tax -$208
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$192

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.

$400,000

PROJECTED PRICE

$1,570

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,739

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
  • $1,776

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5253$1,5494$1,8005$1,950
$1,950
RENT COMPS ANALYSIS
  • 1130 E Hampton Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,995 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 844 E 10th Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 817 E Glade Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,888 Sqft ∙ Built 1989
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.82
    •  
  • 162 W Leah Court Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1992
    property image
    LEASED 01/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 1450 E Grove Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1975 3 beds 3 baths ∙ 1,954 Sqft ∙ Built 1975
    property image
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.00
    •  
PROPERTY LISTING DETAILS
Edward Mckenna
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179791
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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