Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2015 N Woodruff -- Mesa, AZ 85207

3 Beds 3 Baths 2,601 sqft Built 2008

$775,000

List Price

$2,480

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $297.96
  • 2 Days on Market
  • MLS # : 6203452
  • Updated Date : 03/06/2021 at 07:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,601 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Fall in love with this absolutely luxurious, gorgeous Tuscany home! Located in a small gated community, 3bd, 2.5bath and a bonus room. A former model and fully custom. Upgraded with copper sinks, no carpet, a huge 3 car EV-charging garage and a brand new self-cleaning pool with LED lighting. This one is a steal in this million dollar neighborhood! The property is very versatile! It has room to build a mother-in-law suite, a guest house or an RV garage. It's also a perfect home to downsize/retire and enjoy the delicious fruits of young citrus trees. Welcome to your new home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $109k559k

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

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10342843

* 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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$697,500$852,500$775,000

PURCHASE PRICE

$2,232$2,728$2,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,480
EXPENSES Loan Payment -$2,692
Property Tax -$402
Property Insurance -$78
HOA -$16
Property Management Fees -$99
CASH FLOW
-$807

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.

$775,000

PROJECTED PRICE

$2,480

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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-$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$211,125

INVESTMENT

$211,125

Down Payment
$193,750
Rehab Estimate
$5,750
Closing Costs
$11,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,692

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $193,750
Loan Amount $581,250
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$2,011

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,328

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,2954$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 2015 N Woodruff -- Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,601 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1010 N Gila Verde Street Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 9027 E Hobart Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2001
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.81
    •  
  • 8528 E Inca Street Mesa, AZ 4
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
  • 1955 N Red Cliff -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
PROPERTY LISTING DETAILS
Vita Harriman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203452
Last Updated: 03/06/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy