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1634 S Wildrose -- Mesa, AZ 85209

3 Beds 3 Baths 1,821 sqft Built 2006

$320,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $175.73
  • 3 Days on Market
  • MLS # : 6207586
  • Updated Date : 03/19/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,821 sqft
  • Baths : 3 full
Listing Agent

Long Realty Partners

Listing Agent's Description

Spacious, upgraded & updated 3BR / 3BA home in lovely Crismon Creek Village. Newer kitchen & laundry appliances stay, renovations include interior paint, recarpeted, ''barn door'' pantry added, light fixtures, w-i closet storage system, garage shelves, new water heater, artificial turf!!! Cozy neighborhood offers pool & picnic area just steps away, tot lots, green spaces & tree-lined walking paths. Easy access to US 60 & Loop 202, outdoor recreation, airports, shopping & schools. Exceptional home in an exceptional community!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k280k

* 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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,111
Property Tax -$166
Property Insurance -$63
HOA -$132
Property Management Fees -$99
CASH FLOW
$89

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.

$320,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.52%

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$26,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6603$1,6954$1,7255$1,795
$1,795
RENT COMPS ANALYSIS
  • 1634 S Wildrose -- Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.91
    •  
  • 10060 E Isabella Avenue Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2006
    property image
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 10038 E Impala Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,933 Sqft ∙ Built 2007
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
  • 10142 E Lobo Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2003
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 1643 S Laramie Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
    property image
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Robin A Cornell
Long Realty Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207586
Last Updated: 03/19/2021
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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