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2762 N Augustine -- Mesa, AZ 85207

3 Beds 3 Baths 1,911 sqft Built 2007

$485,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $253.79
  • 2 Days on Market
  • MLS # : 6210024
  • Updated Date : 03/21/2021 at 04:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,911 sqft
  • Baths : 3 full
Listing Agent

Kor Properties

Listing Agent's Description

Amazing single-level 3BR/3BA home with fresh interior paint & new carpet! Desirable open plan features a spacious great room with surround sound & charming gas fireplace. Chef's kitchen has upgraded 42'' cabinets, S/S appliances, granite counters, and island/breakfast bar. Fantastic 23.5 ft ext. length garage with epoxied floor & built-in cabinets. Great owner's suite with separate sitting area, large walk-in closet, double sinks, & soaking tub. So many upgrades including gorgeous wood shutters throughout, reverse osmosis, water softener, electric shade screen, & sunscreens. Great corner lot with low maintenance backyard has mature trees, artificial turf, & built-in BBQ! Two new Trane A/C units in 2019! This stunning home is located in the award-winning golf community of Las Sendas.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Sendas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k477k

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

Neighborhood: Las Sendas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10342434

* 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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,685
Property Tax -$252
Property Insurance -$64
HOA -$40
Property Management Fees -$99
CASH FLOW
-$230

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.

$485,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.0%
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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,622

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
  • $1,916

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7303$2,0004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2762 N Augustine -- Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,911 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7255 E Northridge Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,856 Sqft ∙ Built 2002
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.93
    •  
  • 2957 N Brighton -- Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2016
    property image
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 2963 N Sonoran Hills -- Mesa, AZ 4
    • 3 beds 4 baths ∙ 2,037 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,037 Sqft ∙ Built 2017
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 2951 N 72nd Street Mesa, AZ 5
    • 3 beds 4 baths ∙ 2,041 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,041 Sqft ∙ Built 2017
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
PROPERTY LISTING DETAILS
Youngshin Kim
Kor Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210024
Last Updated: 03/21/2021
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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