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1321 W 9th Street Mesa, AZ 85201

3 Beds 2 Baths 1,576 sqft Built 1979

$359,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $228.36
  • 3 Days on Market
  • MLS # : 6209329
  • Updated Date : 03/19/2021 at 16:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,576 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

GREAT BLOCK CONSTRUCTED HOME IN DESIRABLE EATON CLUB ESTATES COMMUNITY * METICULOUSLY MAINTAINED BY LONG TERM CAREFUL OWNER * ALL THE IMPORTANT ITEMS HAVE BEEN TAKEN CARE OF * NEWER AC UNIT WITH REGULAR SERVICE HISTORY * NEWER ROOF WITH TRANSFERABLE WARRANTY * DUAL PANE WINDOWS THROUGHOUT * PLANTATION SHUTTERS * MASTER BATH HAS WALK IN SHOWER WITH FULL TILE SURROUND * UPGRADED 18'' TILE FLOORING * CUSTOM BUILT IN SHELVING IN ALL CLOSETS * LARGE PRIVATE LOT WITH NO 2 STORY NEIGHBORS * EXTENDED LENGTH COVERED PATIO WITH RED BRICK PAVERS. * CENTRAL LOCATION * CLOSE TO ASU AND TEMPE DINING & ENTERTAINMENT * MINUTES FROM FISHING & ALL THE AMENITIES OF RIVER VIEW PARK INCLUDING SLOAN PARK - SPRING TRAINING HOME FOR THE CHICAGO CUBS * THIS PRISTINE HOME IS MOVE IN READY * DO NOT MISS THIS!

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PRICE & RENT TRENDS

Neighborhood: Eaton Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

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

Neighborhood: Eaton Club Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181686

* 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
Carson Junior High School Middle Regular 992 55 3
Westwood High School High Regular 3,131 145 4

Carson Junior High School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 55
3
GreatSchools Rating

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,250
Property Tax -$187
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$44

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.

$359,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.6%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$18,913

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,678

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4753$1,5004$1,5505$1,945
$1,945
RENT COMPS ANALYSIS
  • 1321 W 9th Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 840 N Revere -- #101 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1984
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.12
    •  
  • 1137 W Hackamore Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1982
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.09
    •  
  • 910 N Cherry -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1978
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.99
    •  
  • 1543 W 2nd Street Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.06
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209329
Last Updated: 03/19/2021
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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