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1240 N Nassau Circle Mesa, AZ 85205

4 Beds 3 Baths 3,500 sqft Built 1985

$700,000

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $200.00
  • 3 Days on Market
  • MLS # : 6166061
  • Updated Date : 12/04/2020 at 16:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,500 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

Beautiful 4 bedroom, 3 bath remodeled home in highly sought after Estate Groves. Large open floor plan with eat-in kitchen and formal dining/living rooms. Kitchen features kitchen island, granite countertops, tile backsplash, stainless steel appliances and etc. Home is situated on a large cul-de-sac lot that backs a community area. Master suite and bathroom have been remodeled, all other bedrooms are downstairs. You will especially enjoy the two large balconies off the master. Downstairs, french doors will lead to park like setting in back yard. Mature landscape with large grassy area, fenced pool, spa, gazebo and plenty of fruit trees! This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estate Grove and Valencia Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $109k774k

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

Neighborhood: Estate Grove and Valencia Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10342728

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$630,000$770,000$700,000

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$2,583
Property Tax -$477
Property Insurance -$95
Property Management Fees -$99
CASH FLOW
-$654

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$700,000

PROJECTED PRICE

$2,600

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$191,250

INVESTMENT

$191,250

Down Payment
$175,000
Rehab Estimate
$5,750
Closing Costs
$10,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $175,000
Loan Amount $525,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,859

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
  • $2,637

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,6004$2,795
$2,795
RENT COMPS ANALYSIS
  • 1240 N Nassau Circle Mesa, AZ 1
    • 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,500 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4446 E Des Moines Street Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1998
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.71
    •  
  • 1748 N Lindsay Road Mesa, AZ 3
    • 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.80
    •  
  • 4063 E Fairfield Street Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.75
    •  
PROPERTY LISTING DETAILS
Shanna Day
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166061
Last Updated: 12/04/2020
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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