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1739 N Trowbridge -- Mesa, AZ 85207

3 Beds 2 Baths 1,842 sqft Built 2013

$469,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $254.61
  • 3 Days on Market
  • MLS # : 6167887
  • Updated Date : 12/05/2020 at 10:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,842 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Welcome to NE Mesa's most sought after gated & carefree living community of Entrada w/in Mountain Bridge.This free standing home is move in ready & VERY CLOSE TO BOTH clubhouse, heated pool / spa / fitness. Open floor plan! Foyer opens to a upgraded gorgeous kitchen. Classic cherry cabinets,granite counter tops,SS appliances & huge island.Tile flooring! Informal & formal dining area.Great room w/ the highly sought after ''wall of windows''. Private master suite w/ walk in closet, soaking tub, walk in shower & 2 sinks. Two other bedrooms w/ full bath. Laundry w/ cabinets. Custom paint & plantation shutters. Backyard is stunning! Tile flooring continues onto the patio, built in fridge / BBQ, travertine pavers & beautiful lush landscaping. 2 car garage. All furniture is available for sale

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$422,100$515,900$469,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,730
Property Tax -$243
Property Insurance -$63
HOA -$105
Property Management Fees -$99
CASH FLOW
-$381

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.

$469,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.40%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,730

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

1.75

YEARS SAVED

$6,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,003

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,8853$1,9504$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1739 N Trowbridge -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.01
    •  
  • 1019 N 93rd Place Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $1.09
    •  
  • 2348 N Malachite -- Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 8924 E Hannibal Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,900 Sqft ∙ Built 2000
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.11
    •  
  • 1912 N Steele -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 2012
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
PROPERTY LISTING DETAILS
Diane Bearse
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167887
Last Updated: 12/05/2020
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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