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1432 W Emerald Avenue #1 Mesa, AZ 85202

3 Beds 2 Baths 1,198 sqft Built 1981

$235,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $196.16
  • 1 Days on Market
  • MLS # : 6210225
  • Updated Date : 03/21/2021 at 00:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,198 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Gorgeous townhouse completely remodeled! Stunning kitchen with brand new stainless steel appliances, quartz countertops with waterfall! Glass tile backsplash, pantry, open to great room. Downstairs walk in laundry room with cabinets. Brand new Vinyl plank waterproof wood look flooring all downstairs, upstairs is brand new carpet. There is also a ton of storage in this home! One bedroom and full bath downstairs and two bedrooms and full bath upstairs. This home has the best location in the community. Private entrance, next to pool mail box, Trash Bins and parking. Outside private paved patio for BBQ and dining or lounging. Minutes from the 60 and Target, In and Out, Dutch Bros, Mcdonalds, Carls Jr plus many more. Hurry this one will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* 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
Carson Junior High School Middle Regular 992 55 3
Westwood High School High Regular 3,131 145 4

Carson Junior High School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 55
3
GreatSchools Rating

Westwood High School

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

$211,500$258,500$235,000

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 -$816
Property Tax -$122
Property Insurance -$51
HOA -$170
Property Management Fees -$99
CASH FLOW
$62

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.

$235,000

PROJECTED PRICE

$1,320

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

PROJECTED ANNUAL CASH FLOW

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$17,315

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
  • $1,315

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4053$1,4504$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 1432 W Emerald Avenue #1 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,198 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1342 W Emerald Avenue #225 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1979
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,405
    • $1.09
    •  
  • 1342 W Emerald Avenue #255 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 1342 W Emerald Avenue #260 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1983
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.13
    •  
  • 805 S Sycamore Street #224 Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2001
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Shelsi J. Guthrie
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210225
Last Updated: 03/21/2021
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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