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1638 N Woodruff -- Mesa, AZ 85207

3 Beds 3 Baths 1,994 sqft Built 2010

$525,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2010
  • Price/Sqft : $263.29
  • 2 Days on Market
  • MLS # : 6155082
  • Updated Date : 11/02/2020 at 16:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,994 sqft
  • Baths : 3 full
Listing Agent

Club Realty

Listing Agent's Description

Mountain Bridge, is as pretty as it sounds! A high desert, Master Planned Community, tucked in the far NE corner of Mesa very close to National Recreation Areas, Parks and even a river! The all gated community is robust with social activity & games. This home is on a good size lot the lovely back yard facing South & has no homes directly behind it. Inside, 3 bedrooms, 3 baths, great room, and a dining room that could be used as a den if needed. Gently used by part time Residents every inch well maintained by original Owners. More photos will be posted very soon. Why not make an appointment and beat the crowd now?!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,937
Property Tax -$272
Property Insurance -$66
HOA -$55
Property Management Fees -$99
CASH FLOW
-$450

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.

$525,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.38%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,312

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,089

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,9803$2,1004$2,1505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1638 N Woodruff -- Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 2010 3 beds 3 baths ∙ 1,994 Sqft ∙ Built 2010
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.99
    •  
  • 8111 E Encanto Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 8924 E Hannibal Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2000
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 8528 E Kael Street Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2013
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
  • 1912 N Steele -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 2012
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Joyce Kelton-smith
Club Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6155082
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.

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