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2249 N Floyd Drive Mesa, AZ 85215

2 Beds 2 Baths 1,877 sqft Built 1974

$335,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $178.48
  • 2 Days on Market
  • MLS # : 6201463
  • Updated Date : 03/06/2021 at 16:19
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,877 sqft
  • Baths : 1 full , 1 half
Listing Agent

Apache Gold Realty, Llc

Listing Agent's Description

Very spacious home on an oversized corner lot. Brand New Appliances, New HVAC, New Hot Water Heater, New Double Paned oversized Garage Door, New Garage Door Opener, Roof recoated 2020, New interior paint, new carpet...Endless possibilities in this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Apache Wells

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

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

Neighborhood: Apache Wells

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,164
Property Tax -$174
Property Insurance -$64
HOA -$57
Property Management Fees -$99
CASH FLOW
-$117

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.

$335,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 11.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,180

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,440
$1,440
RENT COMPS ANALYSIS
  • 2249 N Floyd Drive Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,877 Sqft ∙ Built 1974 2 beds 2 baths ∙ 1,877 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.77
    •  
  • 6011 E Ensenada Street Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1972
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.84
    •  
PROPERTY LISTING DETAILS
Elizabeth A Hughes
Apache Gold Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201463
Last Updated: 03/06/2021
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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