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1444 N Lesueur -- Mesa, AZ 85203

4 Beds 3 Baths 2,900 sqft Built 1997

$518,500

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 31, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $178.79
  • 1 Days on Market
  • MLS # : 6187905
  • Updated Date : 01/30/2021 at 23:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,900 sqft
  • Baths : 2 full , 1 half
Listing Agent

Blanzy Realty Llc

Listing Agent's Description

This sprawling single level offers two spacious living spaces open to a large kitchen. Featuring four bedrooms and an extra bonus room. A new private pool was built in 2020! Oversized back yard wall also just redone with a huge brick paved space. Sitting conveniently close to shopping, dinning and freeway access. This home will not last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park of the Canals

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

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

Neighborhood: Park of the Canals

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9581567

* 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
Kino Junior High School Middle Regular 1,020 49 3
Westwood High School High Regular 3,131 145 4

Kino Junior High School

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 49
3
GreatSchools Rating

Westwood High School

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

$466,650$570,350$518,500

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,801
Property Tax -$269
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$193

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.

$518,500

PROJECTED PRICE

$2,060

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,153

INVESTMENT

$143,153

Down Payment
$129,625
Rehab Estimate
$5,750
Closing Costs
$7,778

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,801

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $129,625
Loan Amount $388,875
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$17,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,451

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0603$2,4004$2,4905$2,500
$2,500
RENT COMPS ANALYSIS
  • 1444 N Lesueur -- Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,900 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.71
    •  
  • 1057 E Halifax Street Mesa, AZ 1
    • 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
    •  
  • 1251 E Kramer Circle Mesa, AZ 3
    • 5 beds 3 baths ∙ 2,781 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,781 Sqft ∙ Built 2001
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 1550 N Stapley Drive #20 Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,765 Sqft ∙ Built 1977
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.90
    •  
  • 1723 N Hillcrest -- Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,816 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,816 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Lisa M Blanzy
Blanzy Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187905
Last Updated: 01/30/2021
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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