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1437 N Pasadena Circle 
Mesa, AZ
85201
4 Beds 3 Baths 2,719 sqft
Built 1980
INVESTimate
$475,000
List Price
$131,625
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PROPERTY INFO
FACTS
- Built In 1980
- Price/Sqft : $174.70
- 2 Days on Market
- MLS # : 6119615
- Updated Date : 08/25/2020 at 12:54
CONSTRUCTION
- Beds : 4
- Floor Size : 2,719 sqft
- Baths : 2 full , 1 half
Listing Agent
Touchstone Realty, Llc
Listing Agent's Description
Rare Opportunity to acquire a stylish and renovated single level Ranch home on an enormous corner lot in fantastic Mesa 85201 location. This 2719 sq., 4br 2.5 bath home was renovated in 2020 w/ many stylish upgrades including all new flooring, new light fixtures and bathroom updates.Kitchen features lovely maple cabinets and views to the backyard. Master bathroom features a curbless walk in shower and new double vanity. All new roofing , interior and exterior paint, and new windows complete the look. Rare 3 car garage, two RV gates and seemingly unlimited parking options to store all your vehicles. The backyard has a large covered patio, pool and mature trees. Ready for customization and large enough for anything you can imagine.This is a contractors dream with no HOA. (more)
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PRICE & RENT TRENDS
Neighborhood: Hohokam Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hohokam Highlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,753 |
| Property Tax | -$247 | |
| Property Insurance | -$80 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$378
|
||
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.
$475,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 9.56% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$131,625
LOAN DETAILS
$1,753
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $118,750 |
| Loan Amount | $356,250 |
2.08
YEARS SAVED
$7,544
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
-
$1,951
COMP ESTIMATED VALUE -
$0.72
COMP AVG. RENT PER SQFT
Comps Range
-
1437 N Pasadena Circle Mesa, 1
- 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 1980
- Rent
- Rent Per SQFT
- $0
- $0.00
-
1550 N Stapley Drive #133 Mesa, 2
- 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,656 Sqft ∙ Built 1978
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.64
-
1057 E Halifax Street Mesa, 3
- 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1982
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,925
- $0.73
-
1128 E Jensen Street Mesa, 4
- 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,701 Sqft ∙ Built 1986
LEASED 05/20/19- Rent
- Rent Per SQFT
- $1,949
- $0.72
-
1333 E Grandview Street Mesa, 5
- 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,708 Sqft ∙ Built 1986
LEASED 05/01/19- Rent
- Rent Per SQFT
- $2,100
- $0.78
PROPERTY LISTING DETAILS
Touchstone Realty, Llc
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6119615
Last Updated: 08/25/2020
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.
