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1535 E Kenwood Street Mesa, AZ 85203

4 Beds 3 Baths 2,155 sqft Built 1978

$465,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $215.78
  • 3 Days on Market
  • MLS # : 6187524
  • Updated Date : 01/31/2021 at 00:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,155 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

THIS IS THE ONE YOU'VE BEEN WAITING FOR!! This property is located in beautiful north Mesa, and has all the right features to get even the most discerning buyer excited! When you first pull up, you will notice the beautiful landscaping, which features artificial turf, succulents, and more - all on automatic timers! You may also even notice the home has been freshly painted, and even has RV gates on BOTH sides of the home - NICE!! As you enter the home you will be impressed by the gorgeous flooring, custom artisan paint, and recessed lighting everywhere! Proceed to the kitchen and you will see custom staggered cabinetry with soft-close doors and pull-out drawers, elegant quartz counter-tops, and high-end stainless appliances! (click to see more!)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kenwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Kenwood

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
Stapley Junior High School Middle Regular 931 45 8
Mountain View High School High Regular 3,180 144 8

Stapley Junior High School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 45
8
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,615
Property Tax -$241
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$315

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.

$465,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.2%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,476

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,7104$1,8505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1535 E Kenwood Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,155 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.79
    •  
  • 1924 E Jacaranda Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 1836 N Stapley Drive #47 Mesa, AZ 2
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 1550 N Stapley Drive #29 Mesa, AZ 4
    • 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977
    property image
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 1758 N Nevada Way Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lee Cunningham
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187524
Last Updated: 01/31/2021
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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