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1252 E 8th Avenue Mesa, AZ 85204

2 Beds 1 Baths 962 sqft Built 1957

$225,500

List Price

$1,020

$918 - $1.1K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1957
  • Price/Sqft : $234.41
  • 3 Days on Market
  • MLS # : 6165124
  • Updated Date : 12/11/2020 at 14:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 962 sqft
  • Baths : 1 full
Listing Agent

Hispanic Real Estate Center

Listing Agent's Description

Great 2 bedroom 1 bath Property. Great for investor. Home needs some TLC and is sold AS-IS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reed Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Reed Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7791567

* 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
Mesa High School High Regular 3,406 155 4

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

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$202,950$248,050$225,500

PURCHASE PRICE

$918$1,122$1,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,020
EXPENSES Loan Payment -$832
Property Tax -$117
Property Insurance -$46
Property Management Fees -$99
CASH FLOW
-$74

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.

$225,500

PROJECTED PRICE

$1,020

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,508

INVESTMENT

$65,508

Down Payment
$56,375
Rehab Estimate
$5,750
Closing Costs
$3,383

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$832

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $56,375
Loan Amount $169,125
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$10,354

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,020

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $962

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$725
1$7252$8503$9754$1,020
$1,020
RENT COMPS ANALYSIS
  • 1252 E 8th Avenue Mesa, AZ 4
    • 2 beds 1 baths ∙ 962 Sqft ∙ Built 1957 2 beds 1 baths ∙ 962 Sqft ∙ Built 1957
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,020
    • $1.06
    •  
  • 322 S Allen -- Mesa, AZ 1
    • 2 beds 1 baths ∙ 741 Sqft ∙ Built 1963 2 beds 1 baths ∙ 741 Sqft ∙ Built 1963
    property image
    LEASED 10/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $725
    • $0.98
    •  
  • 438 S Hobson -- #442 Mesa, AZ 2
    • 2 beds 1 baths ∙ 860 Sqft ∙ Built 1976 2 beds 1 baths ∙ 860 Sqft ∙ Built 1976
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.99
    •  
  • 1310 S Pima -- #48 Mesa, AZ 3
    • 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964
    property image
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lizbeth H Perry
Hispanic Real Estate Center
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165124
Last Updated: 12/11/2020
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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