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2754 E Hermosa Vista Drive Mesa, AZ 85213

4 Beds 3 Baths 2,256 sqft Built 1992

$399,500

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $177.08
  • 2 Days on Market
  • MLS # : 6179064
  • Updated Date : 01/09/2021 at 17:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,256 sqft
  • Baths : 2 full , 1 half
Listing Agent

Stunning Homes Realty

Listing Agent's Description

Enjoy the open space, vaulted ceilings of this four bed, two and a half bath plus den single story home in a quiet part of north Mesa. Extra large driveway and two car garage along with side RV gate w/ pad and clean shed will allow for ample outdoor space. Pick fresh citrus from mature trees. Newer AC and roof paint and siding. Vaulted kitchen ceilings with pantry and generous counter space pairs with clean, white appliances. If space or multifunction room is desired, the fourth bedroom can serve as a theater, additional family room, or even a place of business.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hermosa Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hermosa Vista Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$359,550$439,450$399,500

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,388
Property Tax -$272
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
$140

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.

$399,500

PROJECTED PRICE

$1,970

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$111,618

INVESTMENT

$111,618

Down Payment
$99,875
Rehab Estimate
$5,750
Closing Costs
$5,993

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,388

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,875
Loan Amount $299,625
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$35,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,957

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7953$1,7954$1,8005$1,970
$1,970
RENT COMPS ANALYSIS
  • 2754 E Hermosa Vista Drive Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.87
    •  
  • 1924 E Jacaranda Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1980
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.84
    •  
  • 3134 E Mckellips Road #43 Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1992 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 1992
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 2630 E Menlo Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,924 Sqft ∙ Built 1988
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 1433 N 24th Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,035 Sqft ∙ Built 1973
    LEASED 11/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.88
    •  
PROPERTY LISTING DETAILS
Austin J Lebaron
Stunning Homes Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179064
Last Updated: 01/09/2021
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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