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1512 N Avoca Street Mesa, AZ 85207

3 Beds 2 Baths 1,842 sqft Built 1994

$399,900

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $217.10
  • 3 Days on Market
  • MLS # : 6187023
  • Updated Date : 01/29/2021 at 01:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,842 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

NO HOA AND DOUBLE RV GATE! This pristine, east Mesa home has too many upgrades to list. Full remodel including replaster pool and tile, quartz counters, new stainless steel appliances, fixtures, carpet and much, much more! 3/2 with HUGE DEN! This home will go QUICK! Owner/agent.** Cabinet door in master bathroom vanity is being custom made and will be replaced to match before COE **

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Moondance

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Moondance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,389
Property Tax -$208
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$121

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.

$399,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$34,528

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,893

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,8004$1,8805$1,995
$1,995
RENT COMPS ANALYSIS
  • 1512 N Avoca Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.02
    •  
  • 6335 E Brown Road #1165 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1993
    property image
    LEASED 11/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.00
    •  
  • 7313 E Mills Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2002
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 8111 E Encanto Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1314 N Terripin -- Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.09
    •  
PROPERTY LISTING DETAILS
Grant Smith
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187023
Last Updated: 01/29/2021
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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