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1736 E Greenway Street Mesa, AZ 85203

3 Beds 2 Baths 2,157 sqft Built 1969

$350,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $162.26
  • 2 Days on Market
  • MLS # : 6184745
  • Updated Date : 01/22/2021 at 23:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,157 sqft
  • Baths : 2 full
Listing Agent

Springs Realty

Listing Agent's Description

Investor Special. No HOA. 3 bed / 2 bath with a pool on a good size lot!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Orangewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k466k

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

Neighborhood: East Orangewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10182248

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,216
Property Tax -$198
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$129

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.

$350,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.3%
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$20k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$33,603

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,806

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6973$1,7104$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 1736 E Greenway Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,157 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.79
    •  
  • 2347 E Fox Street Mesa, AZ 1
    • 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 2
    • 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
    •  
  • 1550 N Stapley Drive #29 Mesa, AZ 4
    • 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977
    LEASED 01/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 1526 E Fountain Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
PROPERTY LISTING DETAILS
Steven Coons
Springs Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184745
Last Updated: 01/22/2021
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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