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1724 W Pepper Place Mesa, AZ 85201

4 Beds 2 Baths 1,628 sqft Built 1960

$315,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $193.49
  • 2 Days on Market
  • MLS # : 6174598
  • Updated Date : 12/26/2020 at 10:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Venture Rei, Llc

Listing Agent's Description

Great curb appeal for this 1960's bungalow. Formal living room. Carpet & tile in all the right places. Eat-in kitchen. Family room. Sizable bedrooms. The master has a 3/4 bath. Interior laundry. Large backyard is ready for you to create your own oasis! Walk to schools. Close to shopping, dining, and major freeways and light rail.

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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,162
Property Tax -$163
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$26

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.

$315,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.48%

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

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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$26,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,734

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5953$1,9454$1,9955$2,095
$2,095
RENT COMPS ANALYSIS
  • 1724 W Pepper Place Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,628 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.93
    •  
  • 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
    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
    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
    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
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.10
    •  
PROPERTY LISTING DETAILS
Christopher Bizub
Venture Rei, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174598
Last Updated: 12/26/2020
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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