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2334 S Vincent -- Mesa, AZ 85209

4 Beds 2 Baths 2,391 sqft Built 2001

$460,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $192.39
  • 3 Days on Market
  • MLS # : 6186822
  • Updated Date : 01/29/2021 at 18:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,391 sqft
  • Baths : 2 full
Listing Agent

Just Selling Az

Listing Agent's Description

Located on the 2nd TEE BOX of the Prestigious AUGUSTA RANCH GOLF COURSE Community. Popular Single level SPLIT FLOORPLAN featuring 3 bedrooms & Den, 10' Ceilings Throughout with COFFERED Ceiling in Entry, LARGE WINDOWS across the back of the home for FABULOUS GOLF COURSE VIEWS & lots of NATURAL LIGHT! SPACIOUS Kitchen w/GRANITE counter tops, ISLAND, BREAKFAST BAR, Lg pantry, EAT-IN Area & OPEN to Family room easy for ENTERTAINING! Roomy master suite w/separate shower & large soaking tub and dual sinks, and walk-in closet. OVERSIZE LAUNDRY room. Large 9600 sq ft Lot w/Low Maintenance. Desert Landscape Front and Back. AWESOME HOME and it's in the GILBERT School District!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$414,000$506,000$460,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,598
Property Tax -$278
Property Insurance -$74
HOA -$22
Property Management Fees -$99
CASH FLOW
-$310

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.

$460,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,650

INVESTMENT

$127,650

Down Payment
$115,000
Rehab Estimate
$5,750
Closing Costs
$6,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,598

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $115,000
Loan Amount $345,000
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,999

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7603$1,7754$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 2334 S Vincent -- Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,391 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.74
    •  
  • 9330 E Onza Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 2539 S Warren Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,354 Sqft ∙ Built 1999
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.75
    •  
  • 1738 S Rialto -- Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1997
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 1714 S Rialto Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jody Sayler
Just Selling Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186822
Last Updated: 01/29/2021
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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