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2217 N Hunt Circle Mesa, AZ 85203

4 Beds 2 Baths 2,334 sqft Built 1986

$550,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $235.65
  • 2 Days on Market
  • MLS # : 6207385
  • Updated Date : 03/27/2021 at 14:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,334 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Absolutely Stunning 4 Bedroom, 2 Bath, Single Level Home, Located in Desired Rita Vista Estates, Open Family Room w/Beautiful Remodeled Fireplace, Amazing Vaulted Ceiling w/Wood Beams, Gorgeous Remodeled Kitchen w/ a Beautiful Custom Built-In Table w/Extra Storage, Granite Countertops, Master Bedroom w/Walk-In Closet, Master Bathroom w/Dual Sinks, Beautiful Cabinetry in Both Bathrooms with lots of Storage, Barn Doors in Master Bedroom, 3rd Bedroom is Currently Being used as an Office w/ Built In Cabinets, Newer Tile Floors throughout, Plantation Shutters, New Exterior Paint, Foam Roof Re-Sealed 2021, 2 Car Garage, Garage Cabinets for Storage, Covered Patio, Sparkling Pool w/ Removable Pool Fence, 2 Separate RV Gates, 1 RV Gate has a Separate RV Fenced Yard & Lots of Space for Toy

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* 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
 

$495,000$605,000$550,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,910
Property Tax -$285
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$447

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.

$550,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.35%

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,467

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9203$1,9254$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 2217 N Hunt Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.82
    •  
  • 1550 N Stapley Drive #29 Mesa, AZ 1
    • 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977 3 beds 4 baths ∙ 2,280 Sqft ∙ Built 1977
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.81
    •  
  • 1057 E Halifax Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,620 Sqft ∙ Built 1982
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.73
    •  
  • 1526 E Fountain Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,248 Sqft ∙ Built 1979
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.87
    •  
  • 1758 N Nevada Way Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,340 Sqft ∙ Built 1986
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.85
    •  
PROPERTY LISTING DETAILS
Lisa Ball
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207385
Last Updated: 03/27/2021
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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