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1829 S Cholla -- Mesa, AZ 85202

3 Beds 3 Baths 1,771 sqft Built 1979

$359,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $203.22
  • 3 Days on Market
  • MLS # : 6209814
  • Updated Date : 03/19/2021 at 23:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,771 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

SOUGHT-AFTER DOBSON RANCH BEAUTY * 3BR ALL UP * 2.5BA 2CG * FRONT PRIVATE COURTYARD WRAPS AROUND TO BACKYARD * SOARING CEILING AT ENTRANCE * IRON & WOOD STAIR RAIL WRAPS TO UPSTAIRS LANDING * GREAT ROOM KITCHEN HAS SMOOTH-TOP ELECTRIC STOVE & OVERHEAD FAN HOOD, S/S FRIG & HIGH-END S/S MIELE DISHWASHER * COZY FIREPLACE FAMILY * SEPARATE FORMAL DINING CURRENTLY USED AS AN OFFICE * ALL BATHS REMODELED * POWDER ROOM DOWN * UPSTAIRS MASTER BOASTS EN-SUITE BATH * TILE SHOWER/TUB COMBO * WALK-IN CLOSET * SLIDING DOOR EXIT TO PRIVATE BALCONY * SPACIOUS SECONDARY BEDROOMS * WRAP-AROUND YARD BOASTS MATURE SHADE TREE * COVERED PATIO * LUSH YARD; GRASS CURRENTLY DORMANT * FANTASTIC SE MESA LOCATION * QUICK & EASY ACCESS TO US60 & 101 FWY * DO NOT MISS THIS LITTLE TREASURE * AVAILABLE TO SHOW SAT/SUN.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k282k

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

Neighborhood: Park Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9551573

* 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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

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

$323,910$395,890$359,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,250
Property Tax -$187
Property Insurance -$62
HOA -$15
Property Management Fees -$99
CASH FLOW
$97

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.

$359,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.1%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$31,382

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7103$1,8004$1,8505$2,150
$2,150
RENT COMPS ANALYSIS
  • 1829 S Cholla -- Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,771 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.97
    •  
  • 2214 W Javelina Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1974
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 1637 S Ash -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1978
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 1728 W Isabella Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1977
    LEASED 03/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.13
    •  
  • 1662 S Saguaro -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209814
Last Updated: 03/19/2021
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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