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1915 W Mesquite Street Phoenix, AZ 85086

4 Beds 3 Baths 3,242 sqft Built 2008

$789,000

List Price

$3,250

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $243.37
  • 6 Days on Market
  • MLS # : 6175378
  • Updated Date : 12/29/2020 at 16:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,242 sqft
  • Baths : 3 full
Listing Agent

Congress Realty, Inc.

Listing Agent's Description

Beautiful Custom Home Features 4 Bedrooms / 3 Full Baths / spacious open split floor plan / 4 car extended garage / Central Vac / Dual RV Gates / enclosed patio wall / paid for solar / located on 1.23 acres. Desert Landscaping w/large Saguaro. Entrance opens to soaring vaulted ceilings, custom propane fireplace, & a view of the elegant x-large swimming pool. Master bedroom has jacuzzi tub, snail shower, wet bar & propane fireplace.Chef's Dream custom kitchen. Jack and Jill Bedrooms. This home maximizes space well and is aesthetically appealing. Move in Ready.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Sunset Ridge School Primary Regular 972 50 8
Sunset Ridge School Middle Regular 972 50 8
Boulder Creek High School High Regular 2,639 105 6

Sunset Ridge School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Sunset Ridge School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$710,100$867,900$789,000

PURCHASE PRICE

$2,925$3,575$3,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,250
EXPENSES Loan Payment -$2,911
Property Tax -$667
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
-$518

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.

$789,000

PROJECTED PRICE

$3,250

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$214,835

INVESTMENT

$214,835

Down Payment
$197,250
Rehab Estimate
$5,750
Closing Costs
$11,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,911

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $197,250
Loan Amount $591,750
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$13,545

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,250

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,991

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,7003$3,0004$3,2505$3,450
$3,450
RENT COMPS ANALYSIS
  • 1915 W Mesquite Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,242 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,242 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $3,250
    • $1.00
    •  
  • 2211 W Morse Court Anthem, AZ 1
    • 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,084 Sqft ∙ Built 2003
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 2415 W Kit Carson Court Anthem, AZ 2
    • 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,915 Sqft ∙ Built 2002
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.93
    •  
  • 40408 N Copper Basin Trail Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,363 Sqft ∙ Built 2003
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.89
    •  
  • 40504 N Copper Basin Trail Anthem, AZ 5
    • 5 beds 3 baths ∙ 3,363 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,363 Sqft ∙ Built 2002
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,450
    • $1.03
    •  
PROPERTY LISTING DETAILS
Jared A English
Congress Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175378
Last Updated: 12/29/2020
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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