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1915 N Calle Maderas Street Mesa, AZ 85213

3 Beds 3 Baths 3,546 sqft Built 1981

$759,900

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $214.30
  • 4 Days on Market
  • MLS # : 6175889
  • Updated Date : 01/02/2021 at 16:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,546 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Come see this luxurious 3 bed, plus den, 2.5 bath property nestled in a quiet cul-de-sac. Resort style landscaping/pool, a 3 car garage, an RV gate, and so much more, you won't believe it! This is a must see! Inside you will find beamed ceilings, 2 cozy fireplaces, wet bars, and a spacious den/office. The gorgeous kitchen over looks the pool, offers ample cabinetry with granite countertops, high-end appliances including a wall oven. The master bedroom is a dream-features a private exit, 2 walk-in closets, and a full bath with double sinks, as well as separate tub and shower. Finally, the stunning backyard creates a resort atmosphere-includes a covered patio, built-in BBQ, and a sparkling blue pool perfect for the warm summer months!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k329k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
 

$683,910$835,890$759,900

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,804
Property Tax -$394
Property Insurance -$96
HOA -$18
Property Management Fees -$99
CASH FLOW
-$882

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.

$759,900

PROJECTED PRICE

$2,530

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$207,124

INVESTMENT

$207,124

Down Payment
$189,975
Rehab Estimate
$5,750
Closing Costs
$11,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $189,975
Loan Amount $569,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,175

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,530

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,837

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,530
1$2,5302$2,6003$2,6954$2,795
$2,795
RENT COMPS ANALYSIS
  • 1915 N Calle Maderas Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 3,546 Sqft ∙ Built 1981 3 beds 3 baths ∙ 3,546 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $2,530
    • $0.71
    •  
  • 1748 N Lindsay Road Mesa, AZ 2
    • 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977 3 beds 3 baths ∙ 3,244 Sqft ∙ Built 1977
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.80
    •  
  • 1850 E Kael Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.81
    •  
  • 1247 E Kenwood Street Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,541 Sqft ∙ Built 2000 4 beds 4 baths ∙ 3,541 Sqft ∙ Built 2000
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.79
    •  
PROPERTY LISTING DETAILS
Brian Crimp
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175889
Last Updated: 01/02/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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