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1718 W Auburn Street Mesa, AZ 85201

4 Beds 2 Baths 1,648 sqft Built 1960

$324,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $197.15
  • 3 Days on Market
  • MLS # : 6176217
  • Updated Date : 01/01/2021 at 22:55
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,648 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come and see this beautifully REMODELED home! This home features 4 bedrooms, 2 baths, wall mounted fireplace that sits below your pre-hung flat screen TV, beautiful kitchen with island, Alaskan white granite counter-tops, custom shaker kitchen cabinets, new stainless steel appliances, new tile flooring throughout, gorgeous tiled showers in both baths, NO HOA and so much more! This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Casa Mesa

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $79k271k

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

Neighborhood: Casa Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7801567

* 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
Westwood High School High Regular 3,131 145 4

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

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,199
Property Tax -$169
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$64

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.

$324,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 12.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$30,712

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
  • $1,755

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,9454$1,9955$2,095
$2,095
RENT COMPS ANALYSIS
  • 1718 W Auburn Street Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,648 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2123 W 1st Place Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1958
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.98
    •  
  • 1543 W 2nd Street Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,834 Sqft ∙ Built 1966
    property image
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $1.06
    •  
  • 1810 W 5th Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,776 Sqft ∙ Built 1957
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.12
    •  
  • 1525 W Pepper Place Mesa, AZ 5
    • 5 beds 3 baths ∙ 1,900 Sqft ∙ Built 1951 5 beds 3 baths ∙ 1,900 Sqft ∙ Built 1951
    property image
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
PROPERTY LISTING DETAILS
Tim Cline
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176217
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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