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

2330 N Pyrite -- Mesa, AZ 85207

3 Beds 2 Baths 1,597 sqft Built 1999

INVESTimate

$375,000

List Price

$1,670

$1,503 - $1,837

Rent Est.

$391,650  ( +4.44%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $234.82
  • 7 Days on Market
  • MLS # : 6120326
  • Updated Date : 08/23/2020 at 10:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,597 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Come see this 3 bedroom and 2 bath single story home in the beautiful Boulder Mountain Highlands gated community. This home offers open floor plans and an updated kitchen with granite countertops, an island, new flooring, and new interior & exterior paint from 2019. Master bathroom has a soaking tub/ shower and a spacious walk-in closet. Huge laundry room has plenty of cabinets. 2 car garage with tons of storage cabinets. Enjoy the beautiful sparkling pool with water feature and new plaster since 2019. This is a corner lot home with a low maintenance yard. New irrigation system in 2020. This community is located right next to Usery Mountain Park. Enjoy hiking, biking and fishing! Easy access to 202 and US 60.All furniture is available on a separate bill of sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulder Mountain Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k404k

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

Neighborhood: Boulder Mountain Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10342161

* 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
Skyline High School High Regular 2,567 121 5

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,384
Property Tax -$195
Property Insurance -$58
HOA -$73
Property Management Fees -$99
CASH FLOW
-$139

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.

$375,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.44%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,123

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,761

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,6953$1,9504$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 2330 N Pyrite -- Mesa, 1
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.05
    •  
  • 2310 N Adair Circle Mesa, 2
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2000
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.11
    •  
  • 9628 E Gary Street Mesa, 3
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2002
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 2348 N Malachite -- Mesa, 4
    • 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,801 Sqft ∙ Built 1999
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
  • 8505 E Indigo Street Mesa, 5
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2008
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.14
    •  
PROPERTY LISTING DETAILS
Yoko Naylor
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120326
Last Updated: 08/23/2020
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.

BESbswy