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1745 W Capri Avenue Mesa, AZ 85202

4 Beds 2 Baths 1,562 sqft Built 1969

$305,000

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $195.26
  • 3 Days on Market
  • MLS # : 6172922
  • Updated Date : 12/19/2020 at 22:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,562 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come see this beautifully remodeled 4 bedroom and 2 bath home with NO HOA!! Home has new flooring installed throughout with a new kitchen. Large backyard with space for toys and entertainment.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Westwood High School High Regular 3,131 145 4

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

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,125
Property Tax -$158
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$260

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$305,000

PROJECTED PRICE

$1,700

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$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 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,125

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,250
Loan Amount $228,750
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$52,411

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6253$1,7004$1,8955$2,040
$2,040
RENT COMPS ANALYSIS
  • 1745 W Capri Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,562 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.09
    •  
  • 1051 S Dobson Road #201 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 507 S Rogers -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
  • 2351 W Del Oro Circle Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1970
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.10
    •  
  • 1717 W 6th Drive Mesa, AZ 5
    • 5 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960 5 beds 3 baths ∙ 1,723 Sqft ∙ Built 1960
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.18
    •  
PROPERTY LISTING DETAILS
Kyle Gardner
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172922
Last Updated: 12/19/2020
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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