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1844 N Daley -- Mesa, AZ 85203

4 Beds 2 Baths 2,160 sqft Built 1979

$365,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $168.98
  • 4 Days on Market
  • MLS # : 6171347
  • Updated Date : 12/17/2020 at 11:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Spacious describes this 4 bedroom, 2 bath home in north Mesa perfectly! Each of the bedrooms is comfortable, roomy and extra large. The traditional formal living and dining rooms are flexible spaces that can easily be used to meet a variety of needs - home office, school room, play room, game room, etc. Plus, there's a cozy double sided fireplace to gather around! The kitchen has updated Corian counters, cabinets, a slide in double oven with smooth cooktop, undermount sink, extra large walk-in pantry, and large picture window that looks out onto the backyard. Laundry room has room for washer, dryer and freezer. Garage has additional storage closet. The extended covered patio welcomes you to the generously sized backyard with its own treehouse!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Royal Palms

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k275k

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

Neighborhood: Royal Palms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10181617

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,347
Property Tax -$189
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
$166

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.

$365,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.9%
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$20k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

8.25

YEARS SAVED

$46,030

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,852

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,8704$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 1844 N Daley -- Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,160 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.87
    •  
  • 1924 E Jacaranda Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 1836 N Stapley Drive #47 Mesa, AZ 2
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1995
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 1526 E Fountain Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 1758 N Nevada Way Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Cassity Trexler
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171347
Last Updated: 12/17/2020
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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