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1455 W Impala Avenue Mesa, AZ 85202

3 Beds 2 Baths 1,534 sqft Built 1979

$339,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $220.99
  • 3 Days on Market
  • MLS # : 6156617
  • Updated Date : 11/06/2020 at 17:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,534 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

PERFECT LOCATION AT THE RIGHT PRICE! With extremely close access to the US 60 you can imagine how easy the commute to work will be, heading out to go shopping, or going out for a night on the town. Whatever your fancy, come take a look at this beautiful home ready for you to make your own.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

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

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9551573

* 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
Dobson High School High Regular 2,639 122 4

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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,251
Property Tax -$176
Property Insurance -$57
HOA -$12
Property Management Fees -$99
CASH FLOW
-$114

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.

$339,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$15,496

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,4953$1,6454$1,6505$1,675
$1,675
RENT COMPS ANALYSIS
  • 1455 W Impala Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,534 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.96
    •  
  • 2142 S Emerson Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1977
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 1345 W Laguna Azul Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.00
    •  
  • 1728 W Isabella Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1977
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 1217 W Keats Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1983
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.06
    •  
PROPERTY LISTING DETAILS
Jason Crittenden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156617
Last Updated: 11/06/2020
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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