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1500 N Markdale Street #33 Mesa, AZ 85201

2 Beds 2 Baths 1,719 sqft Built 1974

$379,900

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $221.00
  • 2 Days on Market
  • MLS # : 6190674
  • Updated Date : 02/05/2021 at 23:15
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,719 sqft
  • Baths : 2 full
Listing Agent

Avenew Realty Inc

Listing Agent's Description

Nestled away in the back of the Mesa Country Club golf course you will find this hidden gem! This low maintenance townhome has a large private patio with wide views of sprawling green grass &large wispy trees- surely to impress. Large 2 bedroom, 2 bathroom home has generous updates including granite countertops, new Dreamweaver carpeting, Stainless Steel appliances and it's not just pretty. HVAC updated in 2019 & roof recoated early 2020. Tons of storage and bonus 'den' off formal dining. Easy access 101 & 202 freeways, Shopping, Restaurants, Entertainment, Chicago Cubs Spring Training Games & River View Park. Come view today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villa Legante

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $83k321k

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

Neighborhood: Villa Legante

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7771567

* 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
Carson Junior High School Middle Regular 992 55 3
Westwood High School High Regular 3,131 145 4

Carson Junior High School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 55
3
GreatSchools Rating

Westwood High School

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

$341,910$417,890$379,900

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,320
Property Tax -$197
Property Insurance -$61
HOA -$13
Property Management Fees -$99
CASH FLOW
-$239

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.

$379,900

PROJECTED PRICE

$1,450

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,649

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,805

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,500
$1,500
RENT COMPS ANALYSIS
  • 1500 N Markdale Street #33 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,719 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.84
    •  
  • 1301 W Rio Salado Parkway #39 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,426 Sqft ∙ Built 1983
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Trisha A. Carroll
Avenew Realty Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190674
Last Updated: 02/05/2021
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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