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2032 N 30th Street Mesa, AZ 85213

3 Beds 3 Baths 1,587 sqft Built 1998

$320,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $201.64
  • 3 Days on Market
  • MLS # : 6190550
  • Updated Date : 02/06/2021 at 17:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,587 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ensign Properties Corp

Listing Agent's Description

Fantastic opportunity to own this 3bed/2.5bath Mesa home tucked into the desirable Carina community. Must see beautifully updated interior is sure to impress with soaring vaulted ceilings, a soothing neutral paint palate, shiplap wall and gorgeous new laminate plank flooring. You will love the spacious open concept floor plan, perfect for gathering friends and family. Kitchen boasts granite countertops, subway tile backsplash and a plethora of crisp white cabinetry. Upstairs you will find a large loft, full of possibilities. Lovely master retreat includes en suite with dual sinks. Enjoy mornings and evenings relaxing on your private patio. Do not miss out on this gem. See it today.

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
Stapley Junior High School Middle Regular 931 45 8
Mountain View High School High Regular 3,180 144 8

Stapley Junior High School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 45
8
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,111
Property Tax -$218
Property Insurance -$58
HOA -$74
Property Management Fees -$99
CASH FLOW
-$131

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.

$320,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$8,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,520

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3953$1,4004$1,4305$1,795
$1,795
RENT COMPS ANALYSIS
  • 2032 N 30th Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,587 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,587 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.90
    •  
  • 2848 E Brown Road #33 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,355 Sqft ∙ Built 1986
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.00
    •  
  • 2059 N 30th Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,395 Sqft ∙ Built 1999
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 2111 N 30th Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 1,552 Sqft ∙ Built 1998 4 beds 3 baths ∙ 1,552 Sqft ∙ Built 1998
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 2630 E Menlo Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
PROPERTY LISTING DETAILS
Scott Willis
Ensign Properties Corp
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190550
Last Updated: 02/06/2021
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.

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