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146 E Indigo Street Mesa, AZ 85201

3 Beds 2 Baths 1,326 sqft Built 1981

$319,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $240.57
  • 6 Days on Market
  • MLS # : 6175110
  • Updated Date : 12/28/2020 at 18:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,326 sqft
  • Baths : 2 full
Listing Agent

Go 4 Cash Flow

Listing Agent's Description

This home is ready for move-in! New finishes inside and out: New paint, new flooring. Sparkling pool to help you through the coming summer heat! Shutters on the windows. Fantastic location is minutes from shopping, the 202 freeway, Hohokam Stadium, and the Mesa Arts Center in downtown Mesa. This is it! Welcome home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: NCRA

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: NCRA

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7871567

* 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
Westwood High School High Regular 3,131 145 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

Westwood High School

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

$287,100$350,900$319,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,177
Property Tax -$166
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$65

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.

$319,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,777

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3513$1,4304$1,4955$1,650
$1,650
RENT COMPS ANALYSIS
  • 146 E Indigo Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,326 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.08
    •  
  • 619 E Jensen Street #70 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,136 Sqft ∙ Built 1984
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.19
    •  
  • 155 E Jacaranda Street Mesa, AZ 2
    • 3 beds 1 baths ∙ 1,157 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,157 Sqft ∙ Built 1979
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,351
    • $1.17
    •  
  • 114 W Hunter Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,398 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,398 Sqft ∙ Built 1979
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
  • 749 E Kenwood Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1980
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
PROPERTY LISTING DETAILS
Brian Matlock
Go 4 Cash Flow
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175110
Last Updated: 12/28/2020
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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