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3112 E Gable Circle Mesa, AZ 85204

3 Beds 2 Baths 2,025 sqft Built 1986

$400,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $197.53
  • 1 Days on Market
  • MLS # : 6203830
  • Updated Date : 03/07/2021 at 03:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,025 sqft
  • Baths : 2 full
Listing Agent

North & Co

Listing Agent's Description

Beautiful single level home in a quiet community that has been impeccably maintained, nicely updated & perfect an owner occupant or rental investment! This home offers vaulted ceilings, an open floorplan, custom paint, upgraded backyard, RV gate & more. The kitchen is open & features ample cabinet & countertop space, stainless steel appliances, granite countertops & a nice breakfast bar. The master suite is privately located, features a custom tile walk-in shower & a large custom walk-in closet. The backyard is magnificent with plenty of grass, covered patio, tall block wall to shield the street noise, flood lighting & RV parking. Directly across the street is Countryside Park with kids play area, dog park & walking paths. Close to grocery stores, restaurants & great freeway access!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

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

$360,000$440,000$400,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,389
Property Tax -$208
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$73

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.

$400,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.42%

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

PROJECTED ANNUAL CASH FLOW

11530$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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,953

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
  • $1,939

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7033$1,7504$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 3112 E Gable Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,025 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2954 E Garnet Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,681 Sqft ∙ Built 1981
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,703
    • $1.01
    •  
  • 3017 E Hampton Circle Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,751 Sqft ∙ Built 1983
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 662 S 26th Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 3261 E Irwin Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jason Dawson
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203830
Last Updated: 03/07/2021
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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