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1725 N Date -- #13 Mesa, AZ 85201

2 Beds 1 Baths 999 sqft Built 1979

$179,800

List Price

$940

$846 - $1K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $179.98
  • 3 Days on Market
  • MLS # : 6157053
  • Updated Date : 11/06/2020 at 09:16
CONSTRUCTION
  • Beds : 2
  • Floor Size : 999 sqft
  • Baths : 1 full
Listing Agent

Club Realty

Listing Agent's Description

Your opportunity to buy a centrally located patio home close to the 202/101 freeway access, Tempe Marketplace, Mesa Riverview, Cubs spring training facility, Sky Harbor airport and more. This move in ready 2 bedroom 1 bath home offers granite counters, 18'' diagonal tile and carpet flooring, inside laundry with washer & dryer, window blinds and ceiling fans. Master has walk-in closet and access to outside patio. Private back yard with covered patio, storage shed and 2 car covered carport. Low HOA fee.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Comite de Families en Accion

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Comite de Families en Accion

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7931567

* 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
 

$161,820$197,780$179,800

PURCHASE PRICE

$846$1,034$940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $940
EXPENSES Loan Payment -$663
Property Tax -$93
Property Insurance -$47
HOA -$47
Property Management Fees -$99
CASH FLOW
-$9

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.

$179,800

PROJECTED PRICE

$940

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.9%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$53,397

INVESTMENT

$53,397

Down Payment
$44,950
Rehab Estimate
$5,750
Closing Costs
$2,697

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$663

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $44,950
Loan Amount $134,850
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$11,807

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $940

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,036

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$875
1$8752$9253$9404$9455$995
$995
RENT COMPS ANALYSIS
  • 1725 N Date -- #13 Mesa, AZ 3
    • 2 beds 1 baths ∙ 999 Sqft ∙ Built 1979 2 beds 1 baths ∙ 999 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $940
    • $0.94
    •  
  • 424 W Brown Road #214 Mesa, AZ 1
    • 2 beds 2 baths ∙ 902 Sqft ∙ Built 1972 2 beds 2 baths ∙ 902 Sqft ∙ Built 1972
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $0.97
    •  
  • 424 W Brown Road #208 Mesa, AZ 2
    • 2 beds 2 baths ∙ 902 Sqft ∙ Built 1972 2 beds 2 baths ∙ 902 Sqft ∙ Built 1972
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $1.03
    •  
  • 424 W Brown Road #237 Mesa, AZ 4
    • 2 beds 2 baths ∙ 902 Sqft ∙ Built 1972 2 beds 2 baths ∙ 902 Sqft ∙ Built 1972
    property image
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $945
    • $1.05
    •  
  • 424 W Brown Road #238 Mesa, AZ 5
    • 2 beds 1 baths ∙ 902 Sqft ∙ Built 1972 2 beds 1 baths ∙ 902 Sqft ∙ Built 1972
    property image
    LEASED 06/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.10
    •  
PROPERTY LISTING DETAILS
Robert D Lerum
Club Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157053
Last Updated: 11/06/2020
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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