Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1811 S 39th Street #77 Mesa, AZ 85206

4 Beds 3 Baths 2,265 sqft Built 1990

$419,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $185.39
  • 1 Days on Market
  • MLS # : 6263605
  • Updated Date : 07/13/2021 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,265 sqft
  • Baths : 2 full , 1 half
Listing Agent

New Lifestyles Realty

Listing Agent's Description

Come see this beautiful 4 bedroom 2.5 bath two story home in a quaint community Cul-De-Sac location. Simple flowing move in ready layout. This home features newer interior paint, tile downstairs and in all the right places. Wood laminate flooring upstairs. This home has a master bedroom split. Master bath offers dual sinks, separate tub and shower, private toilet room, large walk-in closet, and separate small closet. The kitchen offers newer refinished countertops and a sitting bar. This home features a good size yard w/ a private pebble tech pool, cool decking and gorgeous granite stone on the patios. Side yard has grass and slab for the kiddos. AC unit maintained and replaced motor recently. Community also offers a pool to enjoy. Come take a look at this beautiful well maintained home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vista Villages

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

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

Neighborhood: Vista Villages

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9651567

* 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
Gilbert Junior High School Middle Unknown NA
Highland High School High Regular 3,065 123 8
Greenfield Junior High School Middle Unknown NA

Gilbert Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating

Greenfield Junior High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$377,910$461,890$419,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,458
Property Tax -$185
Property Insurance -$71
HOA -$90
Property Management Fees -$99
CASH FLOW
-$84

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.

$419,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
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$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,585

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
  • $2,271

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,1004$2,1505$2,295
$2,295
RENT COMPS ANALYSIS
  • 1811 S 39th Street #77 Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,265 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3928 E Garnet Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1984
    property image
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 3261 E Irwin Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 1329 N Palmsprings Drive Gilbert, AZ 4
    • 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,204 Sqft ∙ Built 1996
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 3735 E Grove Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,150 Sqft ∙ Built 1984
    property image
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.07
    •  
PROPERTY LISTING DETAILS
Vincent Puccio Iii
New Lifestyles Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6263605
Last Updated: 07/13/2021
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.

BESbswy