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2535 E Fox Street Mesa, AZ 85213

4 Beds 2 Baths 2,237 sqft Built 1972

$410,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $183.28
  • 2 Days on Market
  • MLS # : 6193862
  • Updated Date : 02/13/2021 at 03:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,237 sqft
  • Baths : 2 full
Listing Agent

Campbell Realty Advisors

Listing Agent's Description

4 bedroom 2 bath home just around the corner from Mountain View High School. Both bathrooms have custom cabinets, travertine floors and granite countertops. The kitchen has upgraded cabinets, granite counters, travertine stone floors and custom tile backsplash. Backyard features a sparkling, fenced pool and a large covered patio. The laundry room has an exterior entrance, large storage areas and stone floors. Great 2 car garage with garage door opener. Security system. No HOA! Home is move-in ready!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k329k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Poston Junior High School Middle Regular 997 54 6
Mountain View High School High Regular 3,180 144 8

Poston Junior High School

  • Education Level: Middle
  • # of students: 997
  • # of teachers: 54
6
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,424
Property Tax -$213
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$87

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.

$410,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$18,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,913

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6973$1,7204$1,8005$1,945
$1,945
RENT COMPS ANALYSIS
  • 2535 E Fox Street Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 1972 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.77
    •  
  • 2347 E Fox Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1978
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.81
    •  
  • 2531 E Glencove Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1971
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,697
    • $0.86
    •  
  • 1433 N 24th Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
  • 2458 E Glencove Street Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,244 Sqft ∙ Built 1973 5 beds 3 baths ∙ 2,244 Sqft ∙ Built 1973
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.87
    •  
PROPERTY LISTING DETAILS
Mark Mcgrew
Campbell Realty Advisors
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193862
Last Updated: 02/13/2021
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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