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247 W Ivyglen Street Mesa, AZ 85201

3 Beds 2 Baths 1,344 sqft Built 1973

$325,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $241.82
  • 11 Days on Market
  • MLS # : 6151639
  • Updated Date : 10/26/2020 at 12:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,344 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Arizona Realty

Listing Agent's Description

Superbly kept north-facing ranch-style 3-bedroom 2-bathroom home--perfect for entertainers and gardeners alike! This ideal residence in the Country Club Shadow neighborhood of Mesa has a 2-car garage, master walk-in closet and indoor laundry creating function within this open floor plan living space. Exquisite extras like the travertine tile throughout, stainless steel appliances, eat-in dining area boasting a cozy tile and block adorned wood-burning fireplace are sure to please. While fun and relaxation are provided by the lush greenery, mature palms and tropical fruit bearing trees. Landscaping in the front and back have been recently updated, to compliment the backyard diving pool with comfortable covered patio. Hurry to see it today, this gem won't be around long

SEE MORE

PRICE & RENT TRENDS

Neighborhood: NCRA

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: NCRA

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7871567

* 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
Westwood High School High Regular 3,131 145 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

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,199
Property Tax -$171
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$163

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

$1,360

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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 55% 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

3.33

YEARS SAVED

$10,618

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,488

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3513$1,3604$1,3955$1,495
$1,495
RENT COMPS ANALYSIS
  • 247 W Ivyglen Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,344 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $1.01
    •  
  • 1849 N Spring Street #201 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,000 Sqft ∙ Built 1984
    property image
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $1.15
    •  
  • 155 E Jacaranda Street Mesa, AZ 2
    • 3 beds 1 baths ∙ 1,157 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,157 Sqft ∙ Built 1979
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,351
    • $1.17
    •  
  • 222 W Brown Road #88 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 1981
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 114 W Hunter Street Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,398 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,398 Sqft ∙ Built 1979
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
PROPERTY LISTING DETAILS
Kelly Cook
Keller Williams Arizona Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6151639
Last Updated: 10/26/2020
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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