Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2311 W Impala Avenue Mesa, AZ 85202

3 Beds 2 Baths 1,820 sqft Built 1974

$425,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $233.52
  • 4 Days on Market
  • MLS # : 6184749
  • Updated Date : 01/28/2021 at 14:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Wonderful Waterfront Home in the Golf Course Community of Dobson Shores. Two minutes to the 60 or the 101 freeways & five miles to the Tempe Marketplace or ASU. Enjoy the community pool and clubhouse, the Ducks and the Fishing! Handsome hardwood floors throughout and a warm, welcoming palette add to the charming wainscoting and crown moulding which only add to the magnificent lake views. This stunning kitchen features SS appliances, stylish counters, pantry, & plenty of white cabinetry. Formal dining room / Arizona Room is perfect for entertaining. 2 Upscale baths w/designer tile, generous size bedrooms, ample closets, & interior laundry room. Incredible backyard setting w/a paver path to the (2) paver patios. RV Gate and storage sheds provide plenty of additional space for toys and tools!

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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,476
Property Tax -$221
Property Insurance -$63
HOA -$15
Property Management Fees -$99
CASH FLOW
-$54

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.

$425,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.43%

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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$21,949

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,970

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,797
1$1,7972$1,8003$1,8204$1,9955$2,150
$2,150
RENT COMPS ANALYSIS
  • 2311 W Impala Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.00
    •  
  • 2237 W Calle Iglesia Avenue Mesa, AZ 1
    • 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
    •  
  • 2525 E La Jolla Drive Tempe, AZ 2
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 1970
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.08
    •  
  • 2147 W Knowles Circle Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 1983 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 1983
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.13
    •  
  • 1662 S Saguaro -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1978
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
David Rosenfeld
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184749
Last Updated: 01/28/2021
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.

BESbswy