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3209 E Enid Avenue Mesa, AZ 85204

4 Beds 2 Baths 1,763 sqft Built 1977

$370,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $209.87
  • 2 Days on Market
  • MLS # : 6163543
  • Updated Date : 11/21/2020 at 18:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful Corner lot 4 bed, 2 bath Home with RV gate & cement pad for RV parking and No HOA! Enter into an open spacious floor plan with a cozy family room that has beautiful laminate wood floors. Gorgeous Tile floors throughout the house. Bonus room has a beautiful brick fireplace. The eat-in kitchen has white cabinets, Corian counters, black appliances, and pantry cabinets have pull out drawers for the cook. Bedrooms have plenty of space and ceiling fans. The Master Bedroom has a private entrance, two closets, 3/4 bath includes marble top double vanity, and a tiled step-in shower. Large backyard has a covered patio, storage shed, lawn area and a pebble tec pool with a slide! Close and walking distance to schools, shopping and major freeways. This one won't last!!

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mesa High School High Regular 3,406 155 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Mesa High School

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

$333,000$407,000$370,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,365
Property Tax -$192
Property Insurance -$62
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 14% of earned rent to cover both maintenance and periods of vacancy.

$370,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.44%

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,074

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,803

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6303$1,7504$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 3209 E Enid Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,763 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.92
    •  
  • 3446 E El Moro Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $1.02
    •  
  • 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
Sandy Lemley
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163543
Last Updated: 11/21/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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