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1650 S Crismon Road #62 Mesa, AZ 85209

2 Beds 2 Baths 1,254 sqft Built 2002

$265,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $211.32
  • 3 Days on Market
  • MLS # : 6176101
  • Updated Date : 01/01/2021 at 20:48
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,254 sqft
  • Baths : 2 full
Listing Agent

Re/max Solutions

Listing Agent's Description

Very Rare opportunity to own in Augusta Casitas gated community!! When a unit comes up in here they go very quick. People love this area and its so close to everything. This model has been very well taken care of and only One owner, New top of line 8k AC system, newer water heater, woodlike plank floors, all new upgraded baseboards & two tone paint. Great floorplan. Refreshing community Pool and Rec room for your private use in this upscale neighborhood. Owner has extras like Newly coated low E Elastomeric roof coating, Sunscreens and much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Augusta Casitas

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Augusta Casitas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Skyline High School High Regular 2,567 121 5

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

Skyline High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$978
Property Tax -$166
Property Insurance -$52
HOA -$145
Property Management Fees -$99
CASH FLOW
-$119

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$265,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,323

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,2954$1,2955$1,300
$1,300
RENT COMPS ANALYSIS
  • 1650 S Crismon Road #62 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,254 Sqft ∙ Built 2002 2 beds 2 baths ∙ 1,254 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1330 S Aaron -- #182 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2006
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.06
    •  
  • 1265 S Aaron -- #266 Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,247 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,247 Sqft ∙ Built 2007
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.04
    •  
  • 1255 S Rialto -- #101 Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2006 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2006
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.06
    •  
  • 1265 S Aaron Drive #305 Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007 2 beds 2 baths ∙ 1,227 Sqft ∙ Built 2007
    property image
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.06
    •  
PROPERTY LISTING DETAILS
Troy Reeves
Re/max Solutions
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176101
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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