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1727 E Impala Avenue Mesa, AZ 85204

3 Beds 2 Baths 1,454 sqft Built 1981

$359,990

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $247.59
  • 3 Days on Market
  • MLS # : 6199627
  • Updated Date : 02/26/2021 at 21:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,454 sqft
  • Baths : 2 full
Listing Agent

Prosmart Realty

Listing Agent's Description

SHOWINGS STARTING SATURDAY AT 9 AM. This home has a backyard that is an entertainers delight, turf grass, shade trees with a heated pebble sheen pool (2006), slide and waterfall grotto area, large step area, ranging from 3 feet in depth to 12 feet, salt option, in floor cleaning system, pool cover, remote, dual fiber optic lighting, misting system and even an above ground spa EcoSpa Hardcover (2018). Two RV gates, motion security system, security door, my q garage door opener, garage door installed (2016) House just had stucco and paint done (2020-2021). Kitchen was remodeled (2006) with Bosch SS appliances, a moveable kitchen island and new lighting, corian counters and cabinets. There is an additional storage of kitchen. The laundry has cabinets and pantry area. See more...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

* 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
Mesquite Jr High School Middle Regular 715 34 7
Mesquite High School High Regular 2,000 82 6
Mesquite Jr High School Middle Unknown NA

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Mesquite High School

  • Education Level: High
  • # of students: 2,000
  • # of teachers: 82
6
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$323,991$395,989$359,990

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,250
Property Tax -$158
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$173

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.

$359,990

PROJECTED PRICE

$1,390

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,147

INVESTMENT

$101,147

Down Payment
$89,998
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,998
Loan Amount $269,993
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,993

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,5003$1,5954$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 1727 E Impala Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,454 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.96
    •  
  • 1333 E Grove Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 415 W Gary Avenue Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,611 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,611 Sqft ∙ Built 1997
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.99
    •  
  • 1748 E Irwin Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1984
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 1333 N Brittany Lane Gilbert, AZ 5
    • 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,707 Sqft ∙ Built 1988
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.05
    •  
PROPERTY LISTING DETAILS
Liz Valenzuela
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199627
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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