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1741 S Clearview Avenue #3 Mesa, AZ 85209

3 Beds 2 Baths 1,379 sqft Built 1994

$305,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $221.17
  • 3 Days on Market
  • MLS # : 6195515
  • Updated Date : 02/27/2021 at 17:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,379 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Whether you are looking for a primary or a secondary AZ escape home, this 3 bed 2 bath single level in Mesa is perfect for those looking to relocate or purchase their first home. This floor plan is well laid out & offers vaulted ceilings w/split bedrooms, a semi open kitchen and living room with the master suite has a spacious bedroom and large bathroom with separate shower, tub & double sinks and walk in closet! You will be delighted with the full length covered patio in the backyard with pool perfect for entertaining family and friends and low maintenance yard. Conveniently located near your favorite restaurants & shopping needs. These sell fast so please don't hesitate; come by and see this home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Superstition Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k287k

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

Neighborhood: Superstition Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181588

* 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
Fremont Junior High School Middle Regular 976 48 7
Skyline High School High Regular 2,567 121 5

Fremont Junior High School

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$274,500$335,500$305,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$1,059
Property Tax -$191
Property Insurance -$54
HOA -$23
Property Management Fees -$99
CASH FLOW
-$206

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.

$305,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,575

INVESTMENT

$86,575

Down Payment
$76,250
Rehab Estimate
$5,750
Closing Costs
$4,575

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,059

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$4,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,345

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,4954$1,6255$1,675
$1,675
RENT COMPS ANALYSIS
  • 1741 S Clearview Avenue #3 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,379 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7349 E Juanita Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,456 Sqft ∙ Built 2006
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.89
    •  
  • 7726 E Baseline Road #269 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 2008
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 7118 E Meseto Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1994
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
  • 7160 E Lindner Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
PROPERTY LISTING DETAILS
Brandon Rogeness
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195515
Last Updated: 02/27/2021
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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