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1322 S Date -- Mesa, AZ 85210

4 Beds 2 Baths 1,455 sqft Built 1973

$364,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $250.79
  • 9 Days on Market
  • MLS # : 6181642
  • Updated Date : 01/24/2021 at 01:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,455 sqft
  • Baths : 2 full
Listing Agent

Rex Reeb & Associates

Listing Agent's Description

Updated and ready for a new owner to enjoy! This move-in ready home is perfect for the growing family. Excellent tile floors in high traffic areas, Stone counters, upgraded plumbing fixtures, lighting, and much more! The home features 4 bedrooms, 2 baths with an upper loft area in bedroom #4. There is a detached workshop, over quarter acre corner lot featuring 2 RV gates! Beautiful diving pool. Don't miss out on this excellent central Mesa location! Close to Colleges, Hospitals, Entertainment, Shopping centers, excellent dining and more. More photos to come

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pace East II

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Pace East II

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6851567

* 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
Redbird Elementary School Primary Regular 565 32 3
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Redbird Elementary School

  • Education Level: Primary
  • # of students: 565
  • # of teachers: 32
3
GreatSchools Rating

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
 

$328,410$401,390$364,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,267
Property Tax -$189
Property Insurance -$56
HOA -$1
Property Management Fees -$99
CASH FLOW
-$323

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.

$364,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.3%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$102,449

INVESTMENT

$102,449

Down Payment
$91,225
Rehab Estimate
$5,750
Closing Costs
$5,474

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,267

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,225
Loan Amount $273,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,715

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
  • $1,350

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,1503$1,4754$1,5005$1,525
$1,525
RENT COMPS ANALYSIS
  • 1322 S Date -- Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,455 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1342 W Emerald Avenue #297 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1984
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.90
    •  
  • 433 S Pioneer -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1978
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.93
    •  
  • 1051 S Dobson Road #201 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 1347 W 7th Drive Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1968
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.94
    •  
PROPERTY LISTING DETAILS
Rex Reeb
Rex Reeb & Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181642
Last Updated: 01/24/2021
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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