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1459 S Glenview -- Mesa, AZ 85204

3 Beds 2 Baths 1,574 sqft Built 1983

INVESTimate

$342,900

List Price

$1,440

$1,296 - $1,584

Rent Est.

$365,154  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $217.85
  • 5 Days on Market
  • MLS # : 6119622
  • Updated Date : 08/25/2020 at 09:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,574 sqft
  • Baths : 2 full
Listing Agent

Built By Referral Rlty Grp 02

Listing Agent's Description

Great 3 bedroom, 2 bath home with pool! The interior is move in ready featuring a huge kitchen with newer quartz countertops and refreshed cabinets, new vent hood, new dishwasher and lighting fixtures. Much of the interior has been freshly painted as well. Outside you'll find a covered patio and a large yard. The pool filter and variable speed pump are brand new to keep your pool sparkling clean. The side yard could be fenced off for a dog run or utilize the RV gates to bring in a boat, RV or trailer. No HOA.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Mesa High School High Regular 3,406 155 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

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$308,610$377,190$342,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,265
Property Tax -$182
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$164

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.

$342,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,619

INVESTMENT

$96,619

Down Payment
$85,725
Rehab Estimate
$5,750
Closing Costs
$5,144

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,265

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,725
Loan Amount $257,175
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,163

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,570

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4953$1,4954$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 1459 S Glenview -- Mesa, 1
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.91
    •  
  • 2518 E Harmony Avenue Mesa, 2
    • 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,574 Sqft ∙ Built 1980
    property image
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 1425 S Lindsay Road #6 Mesa, 3
    • 3 beds 3 baths ∙ 1,499 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,499 Sqft ∙ Built 1996
    property image
    LEASED 05/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.00
    •  
  • 3117 E Enid Avenue Mesa, 4
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 1752 S Chestnut -- Mesa, 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1978
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jacqueline Mccracken
Built By Referral Rlty Grp 02
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119622
Last Updated: 08/25/2020
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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