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32 N Date -- Mesa, AZ 85201

2 Beds 1 Baths 1,092 sqft Built 1950

$249,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1950
  • Price/Sqft : $228.85
  • 4 Days on Market
  • MLS # : 6189634
  • Updated Date : 02/04/2021 at 15:20
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,092 sqft
  • Baths : 1 full
Listing Agent

United Brokers Group

Listing Agent's Description

Tastefully renovated home with stylish modern updates, while retaining its historic charm! Bay windows, built-in shelves, drawers, and niches throughout, and beautifully refinished original wood floors. Recently updated kitchen (2018) with new white cabinets, tile flooring, stainless steel appliances, and quartz countertops. Bathroom remodeled (2018) with white subway tile in the shower and white marble ceramic floor. New HVAC system installed in 2019 with 10 year warranty! New washing machine in 2019 too! This home is less than a 10 minute walk to all of the restaurants, venues, and shopping that downtown Mesa has to offer! Schedule your showing today! And don't forget to take the 3D virtual tour!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: C.A.N.D.O.

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $77k271k

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

Neighborhood: C.A.N.D.O.

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7181567

* 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
Carson Junior High School Middle Regular 992 55 3
Westwood High School High Regular 3,131 145 4

Carson Junior High School

  • Education Level: Middle
  • # of students: 992
  • # of teachers: 55
3
GreatSchools Rating

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$868
Property Tax -$130
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
$25

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.

$249,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$17,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,209

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$925
1$9252$9753$1,1704$1,1755$1,195
$1,195
RENT COMPS ANALYSIS
  • 32 N Date -- Mesa, AZ 3
    • 2 beds 1 baths ∙ 1,092 Sqft ∙ Built 1950 2 beds 1 baths ∙ 1,092 Sqft ∙ Built 1950
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.07
    •  
  • 1141 N April Circle #c Mesa, AZ 1
    • 2 beds 1 baths ∙ 800 Sqft ∙ Built 1970 2 beds 1 baths ∙ 800 Sqft ∙ Built 1970
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $925
    • $1.16
    •  
  • 1310 S Pima -- #48 Mesa, AZ 2
    • 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964 2 beds 2 baths ∙ 945 Sqft ∙ Built 1964
    LEASED 09/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $1.03
    •  
  • 518 W 1st Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1947 2 beds 2 baths ∙ 1,073 Sqft ∙ Built 1947
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $1.10
    •  
  • 837 N Revere Street #a Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1965 2 beds 2 baths ∙ 1,050 Sqft ∙ Built 1965
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.14
    •  
PROPERTY LISTING DETAILS
Ari L Shiffrin
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189634
Last Updated: 02/04/2021
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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