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

1817 S Westwood Street Mesa, AZ 85210

3 Beds 2 Baths 1,549 sqft Built 1977

$315,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $203.36
  • 4 Days on Market
  • MLS # : 6162294
  • Updated Date : 11/21/2020 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,549 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Phoenix

Listing Agent's Description

Beautifully updated home in a very quiet neighborhood, brand new roof, renovated kitchen with modern granite counter tops. Updated flooring, updated plumbing fixtures. Newer Stainless Steel Appliances and new blinds throughout. Comes with the Maytag washer and dryer. Nice backyard with a lighted and powered shed for extra storage. New interior and exterior paint. Move in ready! Open House Dates Are : Friday 11/20 4:00pm-6:00pmSaturday 11/21 11:00am-1:00pmSunday. 11/22 11:00am-1:00pm

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

* 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
Dobson High School High Regular 2,639 122 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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,162
Property Tax -$163
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
$28

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.

$315,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.48%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$26,278

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,592

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5103$1,5254$1,6455$1,675
$1,675
RENT COMPS ANALYSIS
  • 1817 S Westwood Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,549 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.97
    •  
  • 2142 S Emerson Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,440 Sqft ∙ Built 1977
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.04
    •  
  • 641 W Laguna Azul Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,512 Sqft ∙ Built 1979
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.01
    •  
  • 1345 W Laguna Azul Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1978
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $1.00
    •  
  • 1217 W Keats Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 1983
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.06
    •  
PROPERTY LISTING DETAILS
Charles J Lee
Keller Williams Realty Phoenix
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162294
Last Updated: 11/21/2020
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.

BESbswy