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3141 E Gable Circle Mesa, AZ 85204

4 Beds 2 Baths 1,846 sqft Built 1983

$372,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $201.52
  • 4 Days on Market
  • MLS # : 6192970
  • Updated Date : 02/13/2021 at 06:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,846 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

This beautiful Mesa home checks all the boxes: 4 bedrooms - single level - pool - RV gate - NO HOA! Lovely open concept floorplan, vaulted ceilings, fireplace, even a shiplap wall! Updated vinyl plank flooring in high traffic areas, blinds & ceiling fans throughout. Kitchen features granite, stainless appliances, breakfast bar and large walk-in pantry w/ extra storage. Master bedroom has walk-in closet and tile-surround shower. Double sinks in hall bath. Spacious backyard w/ extended covered patio, grassy area, storage shed & sparkling fenced pool. New pool filter & vacuum (2020). Pool umbrellas w/ solar lights stay. Built-in fire pit. Bring your toys! Space for RV, boat or trailer behind the RV gate. Near the 60, parks, schools, shopping & restaurants. Don't miss out on this great home!

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
 

$334,800$409,200$372,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,292
Property Tax -$193
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
$33

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.

$372,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.45%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,330

INVESTMENT

$104,330

Down Payment
$93,000
Rehab Estimate
$5,750
Closing Costs
$5,580

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,292

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,000
Loan Amount $279,000
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$26,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,883

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,7033$1,7504$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 3141 E Gable Circle Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,846 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 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
    •  
  • 3117 E Enid Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1982
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
  • 3928 E Garnet Circle Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,929 Sqft ∙ Built 1984
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
PROPERTY LISTING DETAILS
Tammy Parker
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192970
Last Updated: 02/13/2021
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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