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2462 S Gaucho -- Mesa, AZ 85202

4 Beds 2 Baths 2,466 sqft Built 1978

$520,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $210.87
  • 2 Days on Market
  • MLS # : 6182093
  • Updated Date : 01/16/2021 at 21:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,466 sqft
  • Baths : 2 full
Listing Agent

Crossroads Brokerage

Listing Agent's Description

Stunning move-in ready home in the highly sought after community of Dobson Ranch! New tankless water heater and softener. 10 camera professional-grade security system with mobile app connectivity. New tile roof in 2013. Newer split A/C system. Dual pane windows throughout. The captivating entry of this bright 4BD/2BA is accented by the custom vaulted ceiling, brick fireplace w/ mantel, and modern wainscoting. Kitchen boasts a brand new bar with wine fridge and gourmet ice maker, granite counter tops and stainless steel appliances including a double-oven! The spacious master suite features a walk-in closet, beautifully tiled shower and separate exit to the backyard. The backyard is perfect for games and entertaining guests with brand new LED landscape lights.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k278k

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

Neighborhood: Dobson Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181705

* 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
Dobson High School High Regular 2,639 122 4

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

Dobson High School

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

$468,000$572,000$520,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,806
Property Tax -$270
Property Insurance -$75
HOA -$46
Property Management Fees -$99
CASH FLOW
-$156

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$520,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$19,497

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
  • $2,256

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0004$2,1005$2,595
$2,595
RENT COMPS ANALYSIS
  • 2462 S Gaucho -- Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,466 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,466 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2080 E Dunbar Drive Tempe, AZ 2
    • 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,267 Sqft ∙ Built 1972
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 2538 W Keating Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 1979
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 2055 E Orion Street Tempe, AZ 4
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 2508 W Monte Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,662 Sqft ∙ Built 1979
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jon T Sherwood
Crossroads Brokerage
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182093
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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