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2565 S Signal Butte Road #57 Mesa, AZ 85209

3 Beds 2 Baths 1,415 sqft Built 2004

$295,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $208.48
  • 3 Days on Market
  • MLS # : 6168451
  • Updated Date : 12/12/2020 at 22:10
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,415 sqft
  • Baths : 2 full
Listing Agent

The Daniel Montez Real Estate Group

Listing Agent's Description

Signal Butte Casitas Gated Community 3 Bedroom 2 Bath Home. Split floor plan with large master bedroom, bath, and walk in closet in the rear of the home. Open floor plan living area and dining. Nice kitchen with staggered cabinets, walk in pantry, and large breakfast bar. Dining has circular tray ceiling with open high ceilings in the rest of the living spaces. Updated tile flooring and new wood vinyl floors in all three bedrooms. Laundry room off of kitchen with a 2 car attached garage. Ceiling fans in each room. Private backyard with covered patio and side gate. Community includes a pool, spa, and clubhouse!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k280k

* 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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,088
Property Tax -$178
Property Insurance -$55
HOA -$135
Property Management Fees -$99
CASH FLOW
-$95

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.

$295,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.49%

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$12,086

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,461

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,460
1$1,4602$1,4953$1,6504$1,6995$1,850
$1,850
RENT COMPS ANALYSIS
  • 2565 S Signal Butte Road #57 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.03
    •  
  • 2565 S Signal Butte Road #7 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2003
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 2929 S Esmeralda -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 2605 S 106th Way Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016
    property image
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.98
    •  
  • 2651 S Valle Verde -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.07
    •  
PROPERTY LISTING DETAILS
Bryan Campbell
The Daniel Montez Real Estate Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168451
Last Updated: 12/12/2020
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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