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2445 W Pecos Avenue Mesa, AZ 85202

3 Beds 2 Baths 1,836 sqft Built 1977

$398,500

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $217.05
  • 3 Days on Market
  • MLS # : 6187414
  • Updated Date : 01/29/2021 at 20:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,836 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Great single family home, in a quiet neighborhood, no HOA and a good size backyard with pool. Well thought out floor plan with updated kitchen and bathrooms. Bonus room attached to the master bedroom. This would be a great choice for a rental investor, or a first time home buyer that wants to make it their own. Amazing location, close to US 60, the 101, Banner Hospital, and MCC. This is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$358,650$438,350$398,500

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,384
Property Tax -$207
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$67

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.

$398,500

PROJECTED PRICE

$1,820

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,353

INVESTMENT

$111,353

Down Payment
$99,625
Rehab Estimate
$5,750
Closing Costs
$5,978

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,625
Loan Amount $298,875
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$30,244

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
  • $2,020

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9994$2,0505$2,050
$2,050
RENT COMPS ANALYSIS
  • 2445 W Pecos Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2626 W Onza Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 2518 W Portobello Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1978
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.16
    •  
  • 2807 W Rosewood Drive Chandler, AZ 4
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1979
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
  • 2152 E Apollo Avenue Tempe, AZ 5
    • 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,778 Sqft ∙ Built 1977
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.15
    •  
PROPERTY LISTING DETAILS
Tam N Truong
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187414
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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