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2233 S Harper -- Mesa, AZ 85209

3 Beds 2 Baths 1,273 sqft Built 2001

$289,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $227.02
  • 2 Days on Market
  • MLS # : 6171857
  • Updated Date : 12/19/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,273 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

This home is simply Adorable! Located in the pristine Augusta Ranch golf course gated community! 3/2 bath home with a split floor plan! Vaulted ceilings, Master bedroom features a walk in closet and double sinks in bathroom! Kitchen opens up to the family room, 2 car garage, covered patio in backyard with brick seating area! The perfect set up to grill and enjoy a nice fire! This home will NOT disappoint! Professional Pics coming soon!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$1,066
Property Tax -$174
Property Insurance -$52
HOA -$103
Property Management Fees -$99
CASH FLOW
-$95

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$289,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,006

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,314

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4003$1,4004$1,4505$1,500
$1,500
RENT COMPS ANALYSIS
  • 2233 S Harper -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,273 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 9233 E Neville Avenue #1160 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 9233 E Neville Avenue #1153 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2002
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 2024 S Baldwin -- #57 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.05
    •  
  • 2024 S 2024 S Baldwin -- #112 Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
PROPERTY LISTING DETAILS
Shawn Rogers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171857
Last Updated: 12/19/2020
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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