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1928 N Woodruff -- Mesa, AZ 85207

3 Beds 2 Baths 1,484 sqft Built 2008

$430,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $289.76
  • 2 Days on Market
  • MLS # : 6170804
  • Updated Date : 12/12/2020 at 14:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,484 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Must see this gorgeous 3 bedroom home in the desirable Mountain Bridge Community in Mesa! This home has beautiful curb appeal with a brick paver driveway and a stunning brick exterior, low maintenance desert landscaping and a charming front courtyard complete with an outdoor gas fireplace! The home features granite countertops, a large kitchen with ample storage, tile flooring throughout the main living and lush carpet in the bedrooms, spacious bedrooms and an added two foot build out in the master suite. The backyard is great for entertaining with a sparkling heated pool with new pump and a new heat exchanger, artificial turf, and a viewing fence to the lovely desert landscaping. You will not want to miss the opportunity to call this gem your home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,587
Property Tax -$226
Property Insurance -$56
HOA -$55
Property Management Fees -$99
CASH FLOW
-$133

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.

$430,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.44%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,587

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$20,120

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.27

    LIST RENT PER SQFT
  • $1,692

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7953$1,7994$1,8905$2,000
$2,000
RENT COMPS ANALYSIS
  • 1928 N Woodruff -- Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,484 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.27
    •  
  • 8064 E Fox Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1993
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.14
    •  
  • 1130 N 87th Place Mesa, AZ 2
    • 3 beds 4 baths ∙ 1,589 Sqft ∙ Built 1999 3 beds 4 baths ∙ 1,589 Sqft ∙ Built 1999
    property image
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.13
    •  
  • 1625 N 74th Place Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1993
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.15
    •  
  • 8505 E Indigo Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2008
    property image
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170804
Last Updated: 12/12/2020
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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