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1957 N 39th Street Mesa, AZ 85205

4 Beds 4 Baths 4,748 sqft Built 1995

$830,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $174.81
  • 4 Days on Market
  • MLS # : 6169704
  • Updated Date : 12/10/2020 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,748 sqft
  • Baths : 3 full , 1 half
Listing Agent

Keller Williams Realty East Valley

Listing Agent's Description

WOW! 4BD/3.5BA SINGLE-LEVEL on HUGE CORNER LOT w/SPARKLING POOL & MOVE-IN READY! SPACIOUS WORKSHOP w/half bath & space for RV PARKING is perfect for the hobbyist or guest house conversion! NO HOA! 3-CAR GARAGE! HUGE BONUS RM! Vaulted ceilings & plenty of lg windows make this home OPEN & BRIGHT. Kitchen w/GRANITE counters, SS appliances including a DOUBLE OVEN & deep walk-in pantry. Gas fireplace in LR. Master suite boasts TWO walk-in showers & private entry to the backyard! LUSH backyard featuring mature trees, ramada, built-in BBQ area & lg covered patio is perfect space to entertain. Community amenities include a children's playground & various sport courts! Close to Loop 202 & more! **Exclusive opportunity to save thousands on this purchase! Ask your agent for more details!

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PRICE & RENT TRENDS

Neighborhood: Estate Grove and Valencia Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $109k774k

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

Neighborhood: Estate Grove and Valencia Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10342728

* 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
 

$747,000$913,000$830,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$3,062
Property Tax -$565
Property Insurance -$120
Property Management Fees -$99
CASH FLOW
-$716

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.

$830,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$225,700

INVESTMENT

$225,700

Down Payment
$207,500
Rehab Estimate
$5,750
Closing Costs
$12,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,062

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $207,500
Loan Amount $622,500
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$7,523

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,130

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $3,229

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$3,130
1$3,1302$3,200
$3,200
RENT COMPS ANALYSIS
  • 1957 N 39th Street Mesa, AZ 1
    • 4 beds 4 baths ∙ 4,748 Sqft ∙ Built 1995 4 beds 4 baths ∙ 4,748 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $3,130
    • $0.66
    •  
  • 3745 E Ellis Street #0 Mesa, AZ 2
    • 5 beds 5 baths ∙ 4,677 Sqft ∙ Built 2012 5 beds 5 baths ∙ 4,677 Sqft ∙ Built 2012
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.68
    •  
PROPERTY LISTING DETAILS
Bill Olmstead
Keller Williams Realty East Valley
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169704
Last Updated: 12/10/2020
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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