Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1367 S Country Club Drive #1259 Mesa, AZ 85210

4 Beds 4 Baths 1,930 sqft Built 2018

$349,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $181.30
  • 7 Days on Market
  • MLS # : 6166040
  • Updated Date : 12/05/2020 at 12:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,930 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This home is A MUST SEE! Only 3 years old & located in a very popular resort-style community in Mesa! There are 4 spacious bedrooms ( two of which are master bedrooms), 3.5 bathrooms, & tons of upgrades! Pride in ownership shows in this home with upgraded flooring throughout, added master suite balcony, added lawn/concrete/water system, and MORE! The kitchen is a chef's dream with quartz countertops, stainless steel appliances & gorgeous espresso cabinets! At The Palms, you'll find many amenities at your disposal. Enjoy a 7,000 square foot clubhouse that comes complete with a movie theater, pool table, kitchen, & gym! The grounds of the clubhouse have several gas grills areas for cookouts, two huge heated swimming pools, two in ground spas, and two playground areas. Plus, it is...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Dobson High School High Regular 2,639 122 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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,291
Property Tax -$182
Property Insurance -$65
HOA -$170
Property Management Fees -$99
CASH FLOW
$154

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.

$349,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% 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 $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$39,468

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
  • $1,949

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,9504$1,9505$1,950
$1,950
RENT COMPS ANALYSIS
  • 1367 S Country Club Drive #1259 Mesa, AZ 1
    • 4 beds 4 baths ∙ 1,930 Sqft ∙ Built 2018 4 beds 4 baths ∙ 1,930 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1367 S Country Club Drive #1291 Mesa, AZ 2
    • 4 beds 4 baths ∙ 1,834 Sqft ∙ Built 2017 4 beds 4 baths ∙ 1,834 Sqft ∙ Built 2017
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 1367 S Country Club Drive #1375 Mesa, AZ 3
    • 4 beds 4 baths ∙ 1,934 Sqft ∙ Built 2018 4 beds 4 baths ∙ 1,934 Sqft ∙ Built 2018
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 1367 S Country Club Drive #1319 Mesa, AZ 4
    • 4 beds 4 baths ∙ 1,867 Sqft ∙ Built 2018 4 beds 4 baths ∙ 1,867 Sqft ∙ Built 2018
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 1367 S Country Club Drive #1262 Mesa, AZ 5
    • 4 beds 4 baths ∙ 1,925 Sqft ∙ Built 2017 4 beds 4 baths ∙ 1,925 Sqft ∙ Built 2017
    LEASED 08/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
PROPERTY LISTING DETAILS
Rebecca H. Rains
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166040
Last Updated: 12/05/2020
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.

BESbswy