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3124 E Hale Street Mesa, AZ 85213

4 Beds 3 Baths 2,655 sqft Built 2001

$575,000

List Price

$2,520

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $216.57
  • 3 Days on Market
  • MLS # : 6176282
  • Updated Date : 01/30/2021 at 01:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,655 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Ready to make Mesa Northgrove/Kensington groves the location of your next home?! Here it is! As you walk in to this home you're immediately greeted with vaulted ceilings & an open floor plan with a ton of designer touches throughout.. The eat-in kitchen boasts an over-sized island with quarts counter tops. Master suite features a stunning brick wall back drop with oak like tile planks, soaking tub over a marble floor overlooking an amazing white subway tile shower. Down the hall are 3 generously sized additional bedrooms with a full bathroom. Walk out to your over-sized backyard featuring fruit trees & enjoy the AZ weather. Plenty of room to put in a swimming pool if desired. No home situated directly behind with a north/south exposure!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kensington Grove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $109k590k

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

Neighborhood: Kensington Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10342940

* 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
Stapley Junior High School Middle Regular 931 45 8
Mountain View High School High Regular 3,180 144 8

Stapley Junior High School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 45
8
GreatSchools Rating

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,268$2,772$2,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,520
EXPENSES Loan Payment -$1,997
Property Tax -$392
Property Insurance -$79
HOA -$42
Property Management Fees -$99
CASH FLOW
-$88

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$575,000

PROJECTED PRICE

$2,520

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$24,727

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,520

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,708

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5203$2,6004$2,750
$2,750
RENT COMPS ANALYSIS
  • 3124 E Hale Street Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,520
    • $0.95
    •  
  • 3012 E Hermosa Vista Drive Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,549 Sqft ∙ Built 1993
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.94
    •  
  • 4133 E Elmwood Street Mesa, AZ 3
    • 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1995
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
  • 2657 E Orion Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2013
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Melissa Lynn Gierhahn
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176282
Last Updated: 01/30/2021
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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