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2821 S Skyline Drive #170 Mesa, AZ 85212

3 Beds 3 Baths 2,113 sqft Built 2018

$330,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $156.18
  • 6 Days on Market
  • MLS # : 6153354
  • Updated Date : 11/02/2020 at 11:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,113 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Built in 2018, this incredible home offers the style, upgrades and abundant living space you've been searching for! Highlights of the home include plantation shutters throughout, shiplap accent walls, sky high ceilings, your own private balcony, redesigned owner's suite closet by ''Classy Closet'' and so much more! The kitchen features top grade stainless steel appliances, elegant maple cabinets, granite counters, pantry and tile backsplash. The oversized 2 car garage boasts new epoxy floors and built in garage cabinets. Relax and feel at home here in the gated community of Mesa Grande with multiple picnic areas and exclusive access to a heated swimming pool and spa. Location couldn't be better, close to golf, shopping, dining and both the 202 and 60 freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

* 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
Canyon Rim Elementary School Primary Regular 929 50 8
Canyon Rim Elementary School Middle Regular 929 50 8
Desert Ridge High School High Regular 2,752 119 6

Canyon Rim Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Canyon Rim Elementary School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Desert Ridge High School

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

$297,000$363,000$330,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,218
Property Tax -$199
Property Insurance -$68
HOA -$165
Property Management Fees -$99
CASH FLOW
-$119

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.

$330,000

PROJECTED PRICE

$1,630

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$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$12,295

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
  • $1,775

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7003$1,7494$1,7755$1,800
$1,800
RENT COMPS ANALYSIS
  • 2821 S Skyline Drive #170 Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,113 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9344 E Oro Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1999
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 8924 E Pampa Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.82
    •  
  • 8906 E Oro Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2003
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.83
    •  
  • 8935 E Plana Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,145 Sqft ∙ Built 2004
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.84
    •  
PROPERTY LISTING DETAILS
Joshua Hill
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153354
Last Updated: 11/02/2020
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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