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2414 E Javelina Avenue Mesa, AZ 85204

3 Beds 2 Baths 1,566 sqft Built 1979

$325,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $207.54
  • 5 Days on Market
  • MLS # : 6156038
  • Updated Date : 11/05/2020 at 21:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,566 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Come and see this beautiful 3 bed, 2 bath, POOL home now for sale in Mesa! Featuring low maintenance front landscaping with a 2-car garage and RV gate. Inside you will find dining and living areas with vaulted ceilings and a homey fireplace. The cozy kitchen is equipped with ample cabinetry, a walk-in pantry, and stainless steel appliances. The lovely master bedroom boasts a private bath as well as a spacious closet with sliding mirror doors. Finally, the stunning backyard includes a grassy area and a sparkling blue pool perfect for the hot summer days! Home is centrally located, close to 60 FWY, shopping, schools, and entertainment. Mesa address with Gilbert Schools! What are you waiting for? Schedule a showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Jerome Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Jerome Avenue

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7991567

* 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
Harris Elementary School Primary Regular 476 34 4
Mesquite Jr High School Middle Regular 715 34 7
Gilbert High School High Regular 2,470 113 7

Harris Elementary School

  • Education Level: Primary
  • # of students: 476
  • # of teachers: 34
4
GreatSchools Rating

Mesquite Jr High School

  • Education Level: Middle
  • # of students: 715
  • # of teachers: 34
7
GreatSchools Rating

Gilbert High School

  • Education Level: High
  • # of students: 2,470
  • # of teachers: 113
7
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,199
Property Tax -$143
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$59

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.

$325,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$19,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,472

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,5003$1,7004$1,8255$1,850
$1,850
RENT COMPS ANALYSIS
  • 2414 E Javelina Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.92
    •  
  • 242 E Merrill Avenue Gilbert, AZ 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1983
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
  • 1040 N Palm Street Gilbert, AZ 3
    • 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,864 Sqft ∙ Built 1988
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.91
    •  
  • 814 E Stanford Avenue Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1992
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.97
    •  
  • 1752 S Chestnut -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,844 Sqft ∙ Built 1978
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
PROPERTY LISTING DETAILS
Evangelina Madrigal
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156038
Last Updated: 11/05/2020
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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