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2040 E Kenwood Circle Mesa, AZ 85213

5 Beds 3 Baths 3,251 sqft Built 1979

$575,000

List Price

$2,830

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $176.87
  • 4 Days on Market
  • MLS # : 6174373
  • Updated Date : 12/24/2020 at 09:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,251 sqft
  • Baths : 3 full
Listing Agent

America One Luxury Real Estate

Listing Agent's Description

Welcome Home to highly desirable Orange Blossom Estates! This amazing home sits on a quiet cul-de-sac with NO HOA! Your new home features 5 bedrooms, 3 baths, new wood plank tile flooring, newer carpet, updated kitchen, & designer styling touches throughout. In the backyard enjoy a freshly resurfaced Pebbletec pool surrounded by synthetic grass & pavers under a canopy of an amazing giant Ficus trees! This home has many comfortable living spaces for family gatherings or working from home, centrally located in North Mesa for commuting, shopping, dinning, entertainment, schools & FUN!

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
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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,547$3,113$2,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,830
EXPENSES Loan Payment -$2,122
Property Tax -$298
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
$221

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.

$575,000

PROJECTED PRICE

$2,830

PROJECTED RENT

0.49%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$68,283

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
  • $3,040

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6953$3,500
$3,500
RENT COMPS ANALYSIS
  • 2040 E Kenwood Circle Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 1979 5 beds 3 baths ∙ 3,251 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1850 E Kael Street Mesa, AZ 2
    • 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999
    property image
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.81
    •  
  • 2625 N 24th Street #1 Mesa, AZ 3
    • 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,300 Sqft ∙ Built 1998
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Steven H. Nielsen Ii
America One Luxury Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174373
Last Updated: 12/24/2020
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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