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1219 N Brighton -- Mesa, AZ 85207

4 Beds 2 Baths 1,788 sqft Built 1990

$375,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $209.73
  • 2 Days on Market
  • MLS # : 6157519
  • Updated Date : 11/06/2020 at 19:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,788 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

This home has it all!! Great location ( close to 202, Red Mt Park and Red Mt High school), Huge lot (almost 1/3 acre), Solar Heated Pool, 4 bedroom 2 Bath, Split floor plan, Master has his/hers walkin closets and sep exit to pool, RV gate and RV parking, NO HOA!!! Brand new Nucore waterproof Luxury wood plank flooring T/O entire home! Home has Fireplace and vaulted ceilings. Ceiling fans in all rooms. Bay window in dining area has builtin storage bench. Very unique feature- garage can double as guestroom, has murphy bed, air conditioner and sink plus lots of built in cabinets. Schedule your showing today, THIS ONE WILL GO FAST!!

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
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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,384
Property Tax -$195
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$79

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.

$375,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.44%

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$21,214

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
  • $1,775

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5004$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 1219 N Brighton -- Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6335 E Brown Road #1165 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1993
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.00
    •  
  • 6710 E University Drive #152 Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.92
    •  
  • 6348 E Fairfield Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 1314 N Terripin -- Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
Susan D List
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157519
Last Updated: 11/06/2020
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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