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2211 E Lynwood Street Mesa, AZ 85213

3 Beds 2 Baths 2,011 sqft Built 1990

$439,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $218.75
  • 3 Days on Market
  • MLS # : 6199436
  • Updated Date : 02/27/2021 at 00:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,011 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Amazing opportunity for a beautiful, move-in ready, 3 bed/2 bath home with a 3-car garage & pool located on a 9676 sq ft lot & no HOA! Enter the home & you will be greeted by soaring ceilings framing a wall of windows providing natural light & a stunning view of the patio & beautiful pool. The bright, spacious eat-in kitchen, which offers an island, plenty of cabinets/counter space & pantry flows into the cozy family room & 2 nice-sized bedrooms. The main bedroom is across the house for privacy with a large separate sitting area perfect for a home office & the bath is pure luxury with dual vanities, separate tub/shower & walk-in closet. Enjoy outdoor living on the patio while listening to the babble of the stone waterfall from the newly upgraded pool. Open house 2/26 -2/27 11-3.

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,528
Property Tax -$300
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$283

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.

$439,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.39%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,855

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,697
1$1,6972$1,7103$1,7954$1,8005$2,295
$2,295
RENT COMPS ANALYSIS
  • 2211 E Lynwood Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.85
    •  
  • 2531 E Glencove Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,697
    • $0.86
    •  
  • 2630 E Menlo Street Mesa, AZ 3
    • 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
    •  
  • 1433 N 24th Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 1532 E Juniper Street Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1988
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kathy Pacheco Pietz
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199436
Last Updated: 02/27/2021
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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