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2535 E Jacinto Avenue Mesa, AZ 85204

3 Beds 2 Baths 1,183 sqft Built 1981

$299,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $253.51
  • 3 Days on Market
  • MLS # : 6181419
  • Updated Date : 01/16/2021 at 18:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,183 sqft
  • Baths : 2 full
Listing Agent

Nexgen Real Estate

Listing Agent's Description

Gorgeous 3 bed/2 bath ranch style centrally located home with Mesa taxes, Gilbert schools and no HOA! This gem features great curb appeal leading into the must see beautifully updated interior with wood look flooring, a fluid open floorplan and an abundance of natural light. Amazing kitchen boasts stainless steel appliances, stylish backsplash, white shaker style cabinetry and breakfast bar seating. Making it ideal for gathering with friends and family. Master retreat includes private en suite. The expansive low maintenance backyard with storage shed is ready for you to make it your own private oasis. Do not miss out. Schedule your private 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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,042
Property Tax -$132
Property Insurance -$50
Property Management Fees -$99
CASH FLOW
-$93

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.

$299,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.41%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,230

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,5003$1,5004$1,5495$1,550
$1,550
RENT COMPS ANALYSIS
  • 2535 E Jacinto Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $1.04
    •  
  • 1333 E Grove Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 1979
    LEASED 02/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 170 E Guadalupe Road #80 Gilbert, AZ 3
    • 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,430 Sqft ∙ Built 1986
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.05
    •  
  • 423 N Shaylee Lane Gilbert, AZ 4
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1995
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.04
    •  
  • 429 N Shaylee Lane Gilbert, AZ 5
    • 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,489 Sqft ∙ Built 1995
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
PROPERTY LISTING DETAILS
Janette M Martinez
Nexgen Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181419
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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