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143 N 86th Street Mesa, AZ 85207

3 Beds 2 Baths 1,078 sqft Built 1999

$270,000

List Price

$1,160

$1K - $1.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $250.46
  • 2 Days on Market
  • MLS # : 6173135
  • Updated Date : 12/19/2020 at 12:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,078 sqft
  • Baths : 2 full
Listing Agent

Homie

Listing Agent's Description

Really cute and newly remodeled single family home in East Mesa. It is on a large 1/4 acre lot with a shed and plenty of room for more. Beautiful Large Patio across back of house, double car garage with lots of storage shelves, and a carport. Open floor plan with 3 bedroom's and 2 bathrooms. Both bathrooms recently remodeled with brand new tub/shower's. New paint inside and out, new carpet in bedrooms, and new shingles on roof.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$243,000$297,000$270,000

PURCHASE PRICE

$1,044$1,276$1,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,160
EXPENSES Loan Payment -$996
Property Tax -$159
Property Insurance -$48
Property Management Fees -$99
CASH FLOW
-$142

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.

$270,000

PROJECTED PRICE

$1,160

PROJECTED RENT

0.43%

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$10k

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$77,300

INVESTMENT

$77,300

Down Payment
$67,500
Rehab Estimate
$5,750
Closing Costs
$4,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,500
Loan Amount $202,500
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,160

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,156

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,160
1$1,1602$1,2503$1,3254$1,4505$1,490
$1,490
RENT COMPS ANALYSIS
  • 143 N 86th Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,078 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,160
    • $1.08
    •  
  • 142 N 86th Place Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 2000
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 536 N 82nd Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1993
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.00
    •  
  • 8802 E University Drive #56 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1998
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.07
    •  
  • 8802 E University Drive #88 Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.10
    •  
PROPERTY LISTING DETAILS
Daryl R Snow
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173135
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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