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2824 N Kashmir Street Mesa, AZ 85215

4 Beds 3 Baths 3,222 sqft Built 1996

$680,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $211.05
  • 5 Days on Market
  • MLS # : 6181137
  • Updated Date : 01/20/2021 at 23:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,222 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful well maintained custom home available in Mesa Desert Heights. Room to spread out with over 3200 sq ft of living space, 4 bedrooms, 3 bathrooms and a spacious den with lots of possibilities. Huge 1/3 acre lot with RV gate and room for all of your toys. Formal living & dining with beautiful coffered ceilings! Tile & laminate floors in all the right places. Open concept for the kitchen, dining and family room. The gorgeous eat-in kitchen has a plethora of custom cabinets, amazing granite counters, island with breakfast bar, SS appliances and a pantry. Plush carpeting in bedrooms. Bathrooms have slate tiled counters & vessel sinks. The owner's suite has a private entrance full bath with double sinks, jetted tub, step-in shower, custom walk-in closet. Laundry room has lots of storage.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k318k

* 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
Red Mountain High School High Regular 3,347 145 7

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

Red Mountain High School

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

$612,000$748,000$680,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$2,362
Property Tax -$353
Property Insurance -$90
Property Management Fees -$99
CASH FLOW
-$784

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.

$680,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.31%

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-$15k-$10k-$5.0k$0.0$5.0k$10k

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$185,950

INVESTMENT

$185,950

Down Payment
$170,000
Rehab Estimate
$5,750
Closing Costs
$10,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,362

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $170,000
Loan Amount $510,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,046

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
  • $2,051

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0503$1,2954$3,550
$3,550
RENT COMPS ANALYSIS
  • 2824 N Kashmir Street Mesa, AZ 1
    • 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,222 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6206 E Glencove Street #1 Mesa, AZ 2
    • 3 beds 2 baths ∙ 3,220 Sqft ∙ Built 1986 3 beds 2 baths ∙ 3,220 Sqft ∙ Built 1986
    LEASED 08/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.33
    •  
  • 6165 E Glencove Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 3,220 Sqft ∙ Built 1986 3 beds 2 baths ∙ 3,220 Sqft ∙ Built 1986
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.40
    •  
  • 6202 E Mckellips Road #41 Mesa, AZ 4
    • 3 beds 4 baths ∙ 3,002 Sqft ∙ Built 2006 3 beds 4 baths ∙ 3,002 Sqft ∙ Built 2006
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,550
    • $1.18
    •  
PROPERTY LISTING DETAILS
Phyllis Smith
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181137
Last Updated: 01/20/2021
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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