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1350 S Greenfield Road #1172 Mesa, AZ 85206

2 Beds 3 Baths 1,161 sqft Built 2007

$289,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $248.92
  • 2 Days on Market
  • MLS # : 6189997
  • Updated Date : 02/06/2021 at 17:52
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,161 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

LOCATION, LOCATION,LOCATION!!! 60 fwy and Greenfield!Incredible opportunity to own gorgeous 2bed/2.5bath Mesa end unit townhome in a gated community. Must see interior is sure to impress with vaulted ceilings, tile flooring and an open concept floor plan. Beautiful kitchen has sleek new black appliances, granite countertops, a bunch of cabinet space and a breakfast bar. Upstairs you will find two big master bedrooms and bathrooms. This end unit has no neighbors behind and only one neighbor to west .Enjoy relaxing on your private paver patio complete with fire pit. Perfect for sipping your favorite beverage or a BBQ. Community benefits include sparkling pool/spa, basketball court, greenbelts and easy access to canal trails for biking/jogging. Do not miss out on this gem. See it today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

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

$260,100$317,900$289,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,004
Property Tax -$197
Property Insurance -$50
HOA -$148
Property Management Fees -$99
CASH FLOW
-$177

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.

$289,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,453

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
  • $1,231

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,2004$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 1350 S Greenfield Road #1172 Mesa, AZ 1
    • 2 beds 3 baths ∙ 1,161 Sqft ∙ Built 2007 2 beds 3 baths ∙ 1,161 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1350 S Greenfield Road #2175 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,087 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,087 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.10
    •  
  • 3510 E Hampton Avenue #77 Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,105 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,105 Sqft ∙ Built 1993
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.09
    •  
  • 1015 S Val Vista Drive #73 Mesa, AZ 4
    • 2 beds 3 baths ∙ 1,245 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,245 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 1350 S Greenfield Road #2073 Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,342 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,342 Sqft ∙ Built 2008
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
PROPERTY LISTING DETAILS
Annmarie Johnson
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189997
Last Updated: 02/06/2021
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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