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2319 W Nopal Avenue Mesa, AZ 85202

4 Beds 3 Baths 2,730 sqft Built 1979

INVESTimate

$415,000

List Price

$2,090

$1,881 - $2,299

Rent Est.

$436,580  ( +5.20%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $152.01
  • 7 Days on Market
  • MLS # : 6120267
  • Updated Date : 08/24/2020 at 19:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,730 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Highly desired Dobson Ranch. This home offers a New roof! New windows & Sliding glass doors! Highly upgraded & remodeled Kitchen with waterfall countertop. Neutral grey plank tile flooring. From the double door entry into the high ceilings and open staircase this home boasts great architectural design. 3 bedrooms & office (4th bedroom) upstairs. Auxiliary bedrooms are extra large in size & one has a double closet. Master has its own balcony for early morning quiet times or for enjoying another great day in this beautiful home & neighborhood! This home sits on a large lot w/ an RV gate. In 2020 the Sellers extended the back yard patio and added pavers & artificial turf w/ putting green. See full list of upgrades under document tab. See http://www.dobsonranchhoa.com/the-best-place-to-live

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,531
Property Tax -$215
Property Insurance -$80
HOA -$46
Property Management Fees -$99
CASH FLOW
$118

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.

$415,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.20%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

7.33

YEARS SAVED

$43,575

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
  • $2,355

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,1004$2,3005$2,595
$2,595
RENT COMPS ANALYSIS
  • 2319 W Nopal Avenue Mesa, 1
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2357 S Paseo Loma Circle Mesa, 2
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 1983
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.84
    •  
  • 2335 W Nopal Avenue Mesa, 3
    • 4 beds 2 baths ∙ 2,466 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,466 Sqft ∙ Built 1979
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 2344 W Lobo Avenue Mesa, 4
    • 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1980
    LEASED 04/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.79
    •  
  • 2508 W Monte Avenue Mesa, 5
    • 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1979
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.97
    •  
PROPERTY LISTING DETAILS
Paige Lilienfeld
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120267
Last Updated: 08/24/2020
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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