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3019 E Flossmore Avenue Mesa, AZ 85204

3 Beds 2 Baths 1,838 sqft Built 2019

$369,500

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $201.03
  • 2 Days on Market
  • MLS # : 6167404
  • Updated Date : 12/05/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,838 sqft
  • Baths : 2 full
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

LIKE NEW! Why wait for the builder when you can buy this beautiful home, located in Allred Ranch. It has an open concept floor plan, a large great room, and a private den. It features SmartKey(r) hardware on the entry door, Ring security on entry and patio, sliding door leading to covered patio, a large kitchen with center island, granite countertops & Whirlpool(r) appliances. You'll also find a luxurious master bath w/dual-sink vanity, huge Master Bedroom with a walk-in closet. Tile flooring in all main areas, carpet flooring in bedrooms., Sherwin-Williams(r) paint, Moen(r) WaterSense(r) kitchen & bath fixtures, & Generation lighting, and more. This Energy Star certified home also includes a Carrier Air Conditioner with a programmable thermostat.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meadowgreen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

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

Neighborhood: Meadowgreen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9091567

* 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
Irving Elementary School Primary Regular 516 36 6
Irving Elementary School Middle Regular 516 36 6
Mesa High School High Regular 3,406 155 4

Irving Elementary School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 36
6
GreatSchools Rating

Irving Elementary School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 36
6
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$332,550$406,450$369,500

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,363
Property Tax -$192
Property Insurance -$63
HOA -$90
Property Management Fees -$99
CASH FLOW
-$77

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$369,500

PROJECTED PRICE

$1,730

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 3.00%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$99,918

INVESTMENT

$99,918

Down Payment
$92,375
Rehab Estimate
$2,000
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,363

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$19,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6503$1,7304$2,045
$2,045
RENT COMPS ANALYSIS
  • 3019 E Flossmore Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.94
    •  
  • 2565 E Southern Avenue #43 Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,589 Sqft ∙ Built 2007
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
  • 1015 S Val Vista Drive #104 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,780 Sqft ∙ Built 2005
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 2565 E Southern Avenue #135 Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,963 Sqft ∙ Built 2013
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $1.04
    •  
PROPERTY LISTING DETAILS
Debra Allen
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167404
Last Updated: 12/05/2020
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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