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1137 N Revere -- 
Mesa, AZ
85201
3 Beds 2 Baths 2,292 sqft
Built 1974
INVESTimate
$425,000
List Price
$118,375
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PROPERTY INFO
FACTS
- Built In 1974
- Price/Sqft : $185.43
- 1 Days on Market
- MLS # : 6122676
- Updated Date : 08/26/2020 at 00:05
CONSTRUCTION
- Beds : 3
- Floor Size : 2,292 sqft
- Baths : 2 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful 3 bedroom, 2 bath home that has been tastefully done. Enter the iron gate to your backyard oasis with over sized diving pool, spa and stunning large covered patio. Newer Roof and new Air conditioner! Inside the home the flooring is travertine, neutral colors, built-in speakers, ceiling fans, fireplace and crown molding. This home will not last long, hurry before it is gone! Tax records show 2124 sq feet
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PRICE & RENT TRENDS
Neighborhood: Santo Tomas Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Santo Tomas Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$221 | |
| Property Insurance | -$72 | |
| HOA | -$20 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$19
|
||
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.
$425,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.56% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
5.5
YEARS SAVED
$30,204
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
-
$2,223
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
1137 N Revere -- Mesa, 1
- 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 1974 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1744 W 6th Street Mesa, 2
- 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,995
- $0.95
-
1032 N Revere -- Mesa, 3
- 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,124 Sqft ∙ Built 1978
LEASED 10/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.99
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122676
Last Updated: 08/26/2020
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.
