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1333 W 9th Street Mesa, AZ 85201

3 Beds 2 Baths 1,768 sqft Built 1979

$350,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $197.96
  • 3 Days on Market
  • MLS # : 6169029
  • Updated Date : 12/19/2020 at 15:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

S.j. Fowler Real Estate, Inc.

Listing Agent's Description

Welcome home! This beautiful, well maintained 3 bed 2 bath in the established neighborhood of Eaton Club Estates is what you've been waiting for. Enter past the courtyard & meticulously manicured lawn to the great room where you can relax and enjoy the living area next to the formal dining. Separate additional living area can make for a nice retreat sitting next to the fireplace, with double door view of backyard. Recently remodeled bathrooms! Tile throughout w/ wood laminate in bedrooms. 2 car garage w/ work area & usable attic space. RV GATE for additional vehicle/toy storage! Sits on almost 1/4 acre lot w/ storage shed out back. Awesome location w/ quick, easy access to 101/202 & plenty of shopping. No HOA, low Mesa taxes! Includes fridge, washer, and dryer!

SEE MORE

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Westwood High School High Regular 3,131 145 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

Westwood High School

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

$315,000$385,000$350,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,291
Property Tax -$182
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$214

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.

$350,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.41%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$9,348

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,574

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4253$1,5954$1,6755$1,995
$1,995
RENT COMPS ANALYSIS
  • 1333 W 9th Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.80
    •  
  • 225 N Standage Street #82 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1967 3 beds 3 baths ∙ 1,656 Sqft ∙ Built 1967
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.86
    •  
  • 1042 W Devonshire Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,839 Sqft ∙ Built 1972
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 634 N Cliff Circle Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,908 Sqft ∙ Built 1965
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.88
    •  
  • 1744 W 6th Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1959
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jacob Brown
S.j. Fowler Real Estate, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169029
Last Updated: 12/19/2020
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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