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3039 S Wylie -- Mesa, AZ 85212

4 Beds 3 Baths 2,927 sqft Built 2000

$599,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $204.95
  • 4 Days on Market
  • MLS # : 6198245
  • Updated Date : 02/26/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,927 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

YOU GOTTA SEE THIS HOME! High End Remodel with finishes rarely seen in this Price Point. Stunning Kitchen with Professional Refinished White Cabinets. Stainless Appliances include Wall Ovens, Induction Cook Top, and Built in Ice Maker.Quartz Counter Tops and a Kitchen Island all new in 2020! You will love the Wood Look Tile Floors throughout the home with Carpet just in the Bedrooms. Gorgeous Master Retreat with fully Remodeled Ensuite Bath in Soft Grays with all the luxury features you could desire. Tile Walk in Shower, Double Sinks, Vanity, and Even a Heated Bidet! Split Floor Plan with Three additional Bedrooms and Remodeled Bath plus a den/office that could easily be a 5th Bedroom by adding closet in Niche done in the floorplan.Half Bath is great for Guest too!

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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

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

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,084
Property Tax -$362
Property Insurance -$84
HOA -$17
Property Management Fees -$99
CASH FLOW
-$466

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.

$599,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.36%

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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,373

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $2,210

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0493$2,1804$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 3039 S Wylie -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,927 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.74
    •  
  • 3044 S Sabrina Circle Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2001
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 2936 S Sierra Heights Drive Mesa, AZ 2
    • 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.71
    •  
  • 9812 E Nopal Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 9732 E Natal Avenue Mesa, AZ 5
    • 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
PROPERTY LISTING DETAILS
Ronald Bussing
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198245
Last Updated: 02/26/2021
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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