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2109 W Jibsail Loop Mesa, AZ 85202

2 Beds 2 Baths 2,061 sqft Built 1980

$360,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $174.67
  • 3 Days on Market
  • MLS # : 6160108
  • Updated Date : 11/14/2020 at 13:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,061 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Fantastic single level nested on an oversized corner lot in Mesa is now on the market! This delightful home offers gravel front yard w/low water plants, 2 car garage, and gated entry. Enjoy entertaining in this fabulous open layout with vaulted ceilings that add to the spacious feel, cozy fireplace, and tons of natural sunlight. The upgraded kitchen is a dream with stainless steel appliances, ample cabinets, mosaic backsplash, granite countertops, and breakfast bar. Large master suite has sliding doors to back patio, plush carpet, and a bathroom with dual sinks, walk-in closet, and tub/shower combo. Out the back you will find pavers, synthetic grass, built-in BBQ, and a cozy covered patio. You'll simply love this place! Act now!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k278k

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

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181705

* 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
Dobson High School High Regular 2,639 122 4

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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,328
Property Tax -$187
Property Insurance -$67
HOA -$15
Property Management Fees -$99
CASH FLOW
$93

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.

$360,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$37,200

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,046

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7973$1,8004$1,9005$2,150
$2,150
RENT COMPS ANALYSIS
  • 2109 W Jibsail Loop Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,061 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.87
    •  
  • 2237 W Calle Iglesia Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 1974
    LEASED 03/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,797
    • $1.02
    •  
  • 1726 S Henkel Circle Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 2636 W Laguna Azul Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 1662 S Saguaro -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
Amanda June Shaffer
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160108
Last Updated: 11/14/2020
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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