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1246 W Kiowa Circle Mesa, AZ 85202

4 Beds 2 Baths 1,811 sqft Built 1979

$415,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $229.16
  • 4 Days on Market
  • MLS # : 6188471
  • Updated Date : 02/04/2021 at 17:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,811 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Beautiful 4 bed 2 ba home on a cul-de-sac lot in DESIRABLE Dobson Ranch! Functional floor plan features a spacious formal living/ dining space with bright natural light & wood floors and family room with cozy fireplace. Updated kitchen has staggered cabinetry w/ crown molding, granite counters, and undermount sink. Spacious master suite features private exit to backyard, walk-in closet, and bath with step in shower. Secondary bedrooms are generously sized & full guest bath has updated vanity with granite counter, updated plumbing fixtures, and tile surround. Other updates include NEW A/C, NEW water heater, and NEW carpet in the bedrooms. HUGE backyard with expansive covered patio, sparkling pool with Baja step, chicken coop, garden, RV gate, PLUS detached studio. Great location

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k278k

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

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181705

* 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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,441
Property Tax -$215
Property Insurance -$63
HOA -$15
Property Management Fees -$99
CASH FLOW
-$114

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.

$415,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,645
1$1,6452$1,6953$1,7204$1,7755$1,975
$1,975
RENT COMPS ANALYSIS
  • 1246 W Kiowa Circle Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,811 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.95
    •  
  • 1345 W Laguna Azul Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.00
    •  
  • 2339 S Davis Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 1355 W Nido Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.03
    •  
  • 2356 S Davis Circle Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1978
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6188471
Last Updated: 02/04/2021
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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