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2342 N Waverly -- Mesa, AZ 85207

4 Beds 5 Baths 4,130 sqft Built 2013

$1,159,900

List Price

$3,770

$3.5K - $4K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2013
  • Price/Sqft : $280.85
  • 2 Days on Market
  • MLS # : 6151052
  • Updated Date : 11/02/2020 at 02:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,130 sqft
  • Baths : 4 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Amazing Entertainer's Home in the coveted Mountain Bridge Community in NE Mesa. Welcome to the Reserve Subdivision and your new Resort! This is an entertainer's dream home: Smart home technology with indoor/outdoor speakers throughout the interior & exterior of the home including a central vacuum system! All GE Monogram appliances in kitchen featuring 48''refrigerator, 6 burner stovetop with griddle, beverage center, wine fridge, trash compactor and a butler's pantry. Large Great Room w/stone faced gas fireplace & disappearing wall of glass, custom valance, tinted windows, plantation shutters, beautiful home theatre with custom wood and tiered seating, four large bedroom suites with bathrooms, detailed powder bathroom, office, teen room and a breathtaking backyard!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $109k559k

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

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10342843

* 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
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$1,043,910$1,275,890$1,159,900

PURCHASE PRICE

$3,393$4,147$3,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,770
EXPENSES Loan Payment -$4,280
Property Tax -$602
Property Insurance -$108
HOA -$165
Property Management Fees -$99
CASH FLOW
-$1,483

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.

$1,159,900

PROJECTED PRICE

$3,770

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$313,124

INVESTMENT

$313,124

Down Payment
$289,975
Rehab Estimate
$5,750
Closing Costs
$17,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$4,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $289,975
Loan Amount $869,925
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,770

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $3,345

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$3,200
1$3,2002$3,2953$3,4004$3,770
$3,770
RENT COMPS ANALYSIS
  • 2342 N Waverly -- Mesa, AZ 4
    • 4 beds 5 baths ∙ 4,130 Sqft ∙ Built 2013 4 beds 5 baths ∙ 4,130 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $3,770
    • $0.91
    •  
  • 8130 E Kael Street Mesa, AZ 1
    • 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 2002
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.79
    •  
  • 7543 E Kael Circle Mesa, AZ 2
    • 5 beds 4 baths ∙ 4,229 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,229 Sqft ∙ Built 2001
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.78
    •  
  • 8209 E Echo Canyon Street Mesa, AZ 3
    • 4 beds 4 baths ∙ 3,933 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,933 Sqft ∙ Built 2004
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ruben Olivas
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151052
Last Updated: 11/02/2020
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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