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

1455 S 80th Street Mesa, AZ 85209

3 Beds 2 Baths 1,360 sqft Built 2002

$300,000

List Price

$1,330

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $220.59
  • 4 Days on Market
  • MLS # : 6156396
  • Updated Date : 11/07/2020 at 09:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,360 sqft
  • Baths : 1 full , 1 half
Listing Agent

The Empowered Team, Llc

Listing Agent's Description

NO HOA - bring your toys. Here is the REMODELED home you have been looking for. New ''wood'' tile floors throughout, GRANITE COUNTER TOPS in oversized kitchen, New SS 5 BURNER STOVE & DISHWASHER, New A/C in 2018. RV Gate with ''false'' front gate. Freshly painted inside & out. All you need to do is move in. Kitchen has a bay window, island, breakfast bar and even some pullouts in some cabinets. The master bedroom is very large and has a bay window for your recliner to just relax. NO ONE BEHIND YOU FROM BACKYARD. Extra large with covered patio, grass and extra concrete slabs. The garage is large and has built in cabinets and direct entry into home. This home is a must see. Convenient to the 60, 202, Costco and shopping. You won't be disappointed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Harmony

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Desert Harmony

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8601567

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,197$1,463$1,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,330
EXPENSES Loan Payment -$1,107
Property Tax -$188
Property Insurance -$54
Property Management Fees -$99
CASH FLOW
-$117

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.

$300,000

PROJECTED PRICE

$1,330

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,330

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,418

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,330
1$1,3302$1,3953$1,4454$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 1455 S 80th Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,330
    • $0.98
    •  
  • 2055 S Luther -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,365 Sqft ∙ Built 2003
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.02
    •  
  • 1355 S 80th Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.06
    •  
  • 7903 E Harmony Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
  • 7726 E Baseline Road #248 Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Brenda Breit
The Empowered Team, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156396
Last Updated: 11/07/2020
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