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2743 N Cabot Circle Mesa, AZ 85207

4 Beds 3 Baths 2,903 sqft Built 1998

$685,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

January 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $235.96
  • 6 Days on Market
  • MLS # : 6178424
  • Updated Date : 01/21/2021 at 20:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,903 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome Home to this spectacular desert mountain home estate with unparalleled, unobstructed mountain preserve views of Boulder Mountain & phenomenal Usury Mountain Park views! Elegant single level, open floor plan with 4 bedrooms and 2.75 baths has been meticulously, maintained, remodeled & upgraded with a complete owners suite & fabulous bath remodel (2019), new flooring (2019, 2020), new roof (2018), 2 new AC units (2020), paint inside and out (2018, 2020) new water heater (2020). Enjoy entertaining from the den & kitchen while overlooking the pool, spa & those panoramic mountain views or from the backyard with its outdoor kitchen with gas BBQ and frig, fire pit & spa. A the truly amazing desert lifestyle with great hiking, mountain biking, salt river tubing just 5 miles away

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$616,500$753,500$685,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$2,379
Property Tax -$355
Property Insurance -$84
HOA -$25
Property Management Fees -$99
CASH FLOW
-$223

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.

$685,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$187,275

INVESTMENT

$187,275

Down Payment
$171,250
Rehab Estimate
$5,750
Closing Costs
$10,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,379

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $171,250
Loan Amount $513,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$24,809

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
  • $2,787

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4953$2,7004$3,295
$3,295
RENT COMPS ANALYSIS
  • 2743 N Cabot Circle Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,903 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8528 E Inca Street Mesa, AZ 2
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
  • 2050 N Piedra -- Mesa, AZ 3
    • 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 9552 E Kramer Circle Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 1998
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.09
    •  
PROPERTY LISTING DETAILS
Donna D. Cook
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178424
Last Updated: 01/21/2021
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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