Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1564 W Lindner Avenue Mesa, AZ 85202

4 Beds 3 Baths 2,199 sqft Built 1979

$430,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $195.54
  • 2 Days on Market
  • MLS # : 6154946
  • Updated Date : 11/02/2020 at 17:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,199 sqft
  • Baths : 3 full
Listing Agent

Maclay Real Estate

Listing Agent's Description

Your search for your new home is over! Make meaningful memories in this spacious, updated home, with a perfectly manicured yard on a large 1/3 acre lot in the established prestigious Dobson Ranch community! There is plenty of room for your vehicles and other items in the over- sized 3 car garage, complete with customized shelving and extra space for a comfortable lifestyle. Outdoors, relax on the large deck and patio and take a dip in the pool. All of this, along with the beautifully manicured grounds, gives this home a vacation feel! Home also features a wide expanse of windows for a bright and sunny interior, updated open kitchen, formal living room, spacious family room, spacious family room with fireplace and computer niche, RV gate, new A/C , minutes to freeways, airport and MCC!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k278k

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

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181705

* 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
Dobson High School High Regular 2,639 122 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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,587
Property Tax -$223
Property Insurance -$70
HOA -$15
Property Management Fees -$99
CASH FLOW
-$154

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.

$430,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k$15k

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$18,805

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,155

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8403$1,9004$1,9005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1564 W Lindner Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,199 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.84
    •  
  • 1726 S Henkel Circle Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 2110 E Dunbar Drive Tempe, AZ 3
    • 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1973
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.99
    •  
  • 2636 W Laguna Azul Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 1530 W Keating Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1977 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 1977
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.08
    •  
PROPERTY LISTING DETAILS
Michele Bushman
Maclay Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154946
Last Updated: 11/02/2020
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.

BESbswy