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2556 W Nopal Avenue Mesa, AZ 85202

3 Beds 3 Baths 2,028 sqft Built 1978

$397,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $195.76
  • 3 Days on Market
  • MLS # : 6172559
  • Updated Date : 12/18/2020 at 18:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,028 sqft
  • Baths : 2 full , 1 half
Listing Agent

Delex Realty

Listing Agent's Description

Welcome to this beautiful move in ready home that is located in the desired Dotson Ranch Community. This home offers a popular floorplan with a large family room that has a cozy fireplace/kitchen area, Formal living room/ formal dinning, 3 bed room, 2.5 bath room, Den/office, ceiling fan throughout and a large extended cover patio that lookout to the pool & gorgeous backyard that is perfect for your entertaining. A Must See!!

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
 

$357,300$436,700$397,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,465
Property Tax -$206
Property Insurance -$67
HOA -$15
Property Management Fees -$99
CASH FLOW
$48

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.

$397,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.48%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,955

INVESTMENT

$110,955

Down Payment
$99,250
Rehab Estimate
$5,750
Closing Costs
$5,955

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,465

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $99,250
Loan Amount $297,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$35,149

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
  • $2,038

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,9504$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2556 W Nopal Avenue Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1978 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2636 W Laguna Azul Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976 4 beds 2 baths ∙ 2,009 Sqft ∙ Built 1976
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
  • 2626 W Onza Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1976
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.03
    •  
  • 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
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.06
    •  
  • 2055 E Orion Street Tempe, AZ 5
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 1979
    property image
    LEASED 04/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Debbie Hill
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172559
Last Updated: 12/18/2020
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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