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2239 W Jacinto Circle Mesa, AZ 85202

3 Beds 2 Baths 1,600 sqft Built 1974

$419,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $261.88
  • 3 Days on Market
  • MLS # : 6162801
  • Updated Date : 11/21/2020 at 13:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

American Associates

Listing Agent's Description

Extraordinary home in Dobson Ranch with tremendous curb appeal. Meticulously cared for and enhanced with over $100000 in upgrades and improvements. You will love to entertain amid the beautiful lush green resort like grounds offering expansive patio and walk ways with a built in BBQ & sink, fire pit and even a BBQ pit. You will notice the attention to detail from the moment you enter from the travertine and stone enhanced portico through the grand iron and glass door. You will then be delighted by the feature stone accent wall and fireplace. Take notice of the upgraded Anderson windows, recessed lighting, custom cabinetry, SS appliances and granite counter tops. If you would like a highly upgraded home in a convenient close-in location with easy access to freeways you have found it!

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
 

$377,100$460,900$419,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,546
Property Tax -$217
Property Insurance -$58
HOA -$15
Property Management Fees -$99
CASH FLOW
-$446

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.

$419,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.36%

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-$8.0k-$6.0k-$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$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,546

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,368

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
  • $1,600

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6504$1,6505$1,797
$1,797
RENT COMPS ANALYSIS
  • 2239 W Jacinto Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2263 W Calle Iglesia Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1974
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 2214 W Javelina Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1974
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 2312 W Lindner Avenue #12 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1979
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
  • 2237 W Calle Iglesia Avenue Mesa, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
David Ewell
American Associates
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162801
Last Updated: 11/21/2020
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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