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1729 N Gentry Circle Mesa, AZ 85213

3 Beds 2 Baths 1,958 sqft Built 1976

$349,995

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $178.75
  • 5 Days on Market
  • MLS # : 6153718
  • Updated Date : 11/01/2020 at 11:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

FANTASTIC VALUE in an established Mesa neighborhood!! This 3 bedroom, 2 bathroom home sits in a Cul de Sac on a HUGE LOT across from a city park, with a recently resurfaced pebble tech pool, NEW A/C, STEEL ROOF with 50 year transferable warranty, and an RV Gate...what more are you looking for?! This home has great bones, just waiting for your finishing touches. Do NOT wait! It will go quick!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k329k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$314,996$384,995$349,995

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,291
Property Tax -$186
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$29

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.

$349,995

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,499

INVESTMENT

$98,499

Down Payment
$87,499
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,499
Loan Amount $262,496
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$29,644

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,6704$1,6975$1,800
$1,800
RENT COMPS ANALYSIS
  • 1729 N Gentry Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.85
    •  
  • 1924 E Jacaranda Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 2347 E Fox Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1978
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 2531 E Glencove Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,697
    • $0.86
    •  
  • 1433 N 24th Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Arthur T. Shelton
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153718
Last Updated: 11/01/2020
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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