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1140 N 90th Street Mesa, AZ 85207

4 Beds 2 Baths 1,599 sqft Built 2000

$349,950

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $218.86
  • 4 Days on Market
  • MLS # : 6183044
  • Updated Date : 02/13/2021 at 00:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,599 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Rare find! Mountain views. New AC. Updated 4bedroom, 2bath single level home within the desired community of Falcon Ridge. Walking distance of Red Mountain trails with gorgeous views of the Valley & steps from the community park with playground. Private backyard with no neighbor behind. This move-in ready home includes a gourmet kitchen loaded with newer, upgraded cabinets, quartz countertops & kitchen island. Eat-in kitchen nook & formal dining. Newer tile flooring throughout family room, kitchen, dining, baths and 3 bedrooms. Vaulted ceilings, open floorplan. Covered patio with extended paved seating area leads to the low maintenance backyard with artificial turf & firepit. Side yard includes an RV gate with ample space for a toy trailor. All appliances convey. Photos coming soon...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

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

Red Mountain High School

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

$314,955$384,945$349,950

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,216
Property Tax -$219
Property Insurance -$58
HOA -$60
Property Management Fees -$99
CASH FLOW
$28

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.

$349,950

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$98,487

INVESTMENT

$98,487

Down Payment
$87,488
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,488
Loan Amount $262,463
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$23,072

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,6803$1,7954$1,8005$1,985
$1,985
RENT COMPS ANALYSIS
  • 1140 N 90th Street Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.05
    •  
  • 9050 E Fairfield Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.99
    •  
  • 1130 N 87th Place Mesa, AZ 3
    • 3 beds 4 baths ∙ 1,589 Sqft ∙ Built 1999 3 beds 4 baths ∙ 1,589 Sqft ∙ Built 1999
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.13
    •  
  • 9019 E Fox Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 1035 N 90th Circle Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,748 Sqft ∙ Built 2003
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $1.14
    •  
PROPERTY LISTING DETAILS
Mondai Adair
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183044
Last Updated: 02/13/2021
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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