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1341 E Mescal Street Phoenix, AZ 85020

3 Beds 2 Baths 1,653 sqft Built 2000

$384,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $232.85
  • 4 Days on Market
  • MLS # : 6192300
  • Updated Date : 02/13/2021 at 23:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous 4 Bedroom Plus home built on a 12,100 foot lot! Surrounded by Incredible Mountain Views in quiet neighborhood! Built in 2000. Just NE of Pointe Tapatio in PV School District. RV Gate! Newer interior/exterior paint, recently updated kitchen with granite tile counter tops & honey oak cabinets; Vaulted living area with French doors opening to expansive, nicely landscaped backyard. Split floor plan with vaulted master ceilings, separate tub & shower, dual vanities, huge walk-in closet & private exit to back yard. Travertine flooring, counters and shower surrounds in baths. Rounded corners, arched entries, art niches and recessed lighting enhance the interior. AC Replaced 11/2016. HVAC professionally maintained/serviced biannually. Epoxy Garage. This home will not last!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mescal Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $83k308k

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

Neighborhood: Mescal Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,337
Property Tax -$242
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$78

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.

$384,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.1%
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$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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,649

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
  • $1,889

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7704$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 1341 E Mescal Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1001 E Becker Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1981
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 1422 E Cortez Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,452 Sqft ∙ Built 2007
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.22
    •  
  • 921 E Becker Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1981 3 beds 3 baths ∙ 1,925 Sqft ∙ Built 1981
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.12
    •  
  • 10624 N 8th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,765 Sqft ∙ Built 1985
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.27
    •  
PROPERTY LISTING DETAILS
Michael James Hoffman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192300
Last Updated: 02/13/2021
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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