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1628 N Serina -- Mesa, AZ 85205

3 Beds 2 Baths 1,297 sqft Built 2000

$299,999

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $231.30
  • 5 Days on Market
  • MLS # : 6197510
  • Updated Date : 02/27/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,297 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72 Hour Home Sale! ~~~~~~COMING SOON!~~~~~~ ALTA MESA!~~~~~~ Gorgeous updates AKA Move in ready! Tile throughout! Large master closet! Pantry! Corner lot w/no neighbor behind or beside! Community Pool! LOCATION LOCATION!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k286k

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

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181662

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

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

$269,999$329,999$299,999

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$1,042
Property Tax -$156
Property Insurance -$52
HOA -$160
Property Management Fees -$99
CASH FLOW
-$169

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.

$299,999

PROJECTED PRICE

$1,340

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $224,999
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$5,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,433

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3003$1,3404$1,3505$1,650
$1,650
RENT COMPS ANALYSIS
  • 1628 N Serina -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,297 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.03
    •  
  • 5135 E Evergreen Street #1172 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1985
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.14
    •  
  • 4423 E Mclellan Road #107 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 4423 E Mclellan Road #110 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
  • 4923 E Hobart Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
PROPERTY LISTING DETAILS
Katrina L Mccarthy
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6197510
Last Updated: 02/27/2021
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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