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1606 E Javelina Circle Mesa, AZ 85204

3 Beds 2 Baths 1,698 sqft Built 1985

$304,900

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $179.56
  • 2 Days on Market
  • MLS # : 6157675
  • Updated Date : 11/07/2020 at 10:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,698 sqft
  • Baths : 2 full
Listing Agent

Offerpad

Listing Agent's Description

Don't miss this tri-level home in Woodbridge Crossing! This home has been refreshed with new interior paint (exterior to be completed upon HOA approval), new luxury vinyl plank flooring and new carpet. The kitchen features ample cabinet and counter space and new stainless steel appliances. Spacious living room with a fireplace to cozy up to. The primary suite and a den are on the lower level. The primary ensuite bathroom has dual sinks. Two additional bedrooms and a full bathroom located on the top level. The backyard has a covered patio, storage shed, and concrete pad for a hot tub or BBQ area. Close to lots of shopping, dining, golf, hiking and biking and easy freeway access. Vacant and ready for viewing, come see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Harris Elementary School Primary Regular 476 34 4
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6

Harris Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 34
4
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating
 

$274,410$335,390$304,900

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,125
Property Tax -$134
Property Insurance -$60
HOA -$64
Property Management Fees -$99
CASH FLOW
$68

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.

$304,900

PROJECTED PRICE

$1,550

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,549

INVESTMENT

$86,549

Down Payment
$76,225
Rehab Estimate
$5,750
Closing Costs
$4,574

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,225
Loan Amount $228,675
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$29,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,7503$1,7504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 1606 E Javelina Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.91
    •  
  • 462 W Douglas Avenue Gilbert, AZ 2
    • 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,795 Sqft ∙ Built 1996
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.97
    •  
  • 514 W Desert Avenue W Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1997
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
  • 1333 N Brittany Lane Gilbert, AZ 4
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1988
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
  • 1752 S Chestnut -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1978
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Derek Dickson
Offerpad
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157675
Last Updated: 11/07/2020
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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