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2606 S 107th Street Mesa, AZ 85209

3 Beds 3 Baths 1,730 sqft Built 2016

$359,900

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $208.03
  • 3 Days on Market
  • MLS # : 6178749
  • Updated Date : 01/10/2021 at 02:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,730 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome to your new home! This gorgeous 3 bed, 2.5 bath home has an open floor plan. Kitchen and living room are perfect for entertaining. Open the unique wall of glass doors along the back wall that will allow you to take full advantage of your indoor and outdoor living space. Staircase leads you to 3 bedrooms and the laundry. Enjoy your evenings sitting outside watching the sunsets. Located in Mulberry with great amenities, close to the 202 and 60 freeway, restaurants, shopping, hiking, and biking! Schedule your showing today.

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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,250
Property Tax -$217
Property Insurance -$61
HOA -$59
Property Management Fees -$99
CASH FLOW
$54

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.

$359,900

PROJECTED PRICE

$1,740

PROJECTED RENT

0.48%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$26,128

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,740
1$1,7402$1,7953$1,7994$1,8005$1,875
$1,875
RENT COMPS ANALYSIS
  • 2606 S 107th Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $1.01
    •  
  • 10457 E Obispo Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2000
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 2848 S 106th Place Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000
    property image
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.96
    •  
  • 2863 S 106th Place Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000
    property image
    LEASED 03/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 2742 S Sabrina -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018
    property image
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.08
    •  
PROPERTY LISTING DETAILS
Kim Panozzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178749
Last Updated: 01/10/2021
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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