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3304 E Jacinto Avenue Mesa, AZ 85204

4 Beds 2 Baths 2,310 sqft Built 1997

$470,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $203.46
  • 4 Days on Market
  • MLS # : 6177722
  • Updated Date : 01/08/2021 at 03:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,310 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come fall in love with this gorgeous meticulously maintained quality home within walking distance to the shops at Dana Park Village. Conveniently just minutes from the US 60 and Heritage downtown district in Gilbert. Freshly painted inside and out. Enjoy striking granite countertops, a pantry and cabinets galore in your eat in kitchen. There's a new fan in the large family room and beautiful new lighting fixtures in kitchen, dining room and entry. Modern Ocra porcelain plank tile adds to the beauty of all 4 bedrooms. Two bathrooms with duel sinks in both and separate tub and shower in the master. Then head outside to your low maintenance backyard with built in grill, outdoor fan, synthetic green grass and a fenced sparkling pebble tec pool. Truly a wonderful place that you can call home

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $109k442k

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

Neighborhood: Dana Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10342127

* 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
Pioneer Elementary School Primary Regular 539 36 8
Pioneer Elementary School Middle Regular 539 36 8
Highland High School High Regular 3,065 123 8

Pioneer Elementary School

  • Education Level: Primary
  • # of students: 539
  • # of teachers: 36
8
GreatSchools Rating

Pioneer Elementary School

  • Education Level: Middle
  • # of students: 539
  • # of teachers: 36
8
GreatSchools Rating

Highland High School

  • Education Level: High
  • # of students: 3,065
  • # of teachers: 123
8
GreatSchools Rating
 

$423,000$517,000$470,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,632
Property Tax -$207
Property Insurance -$72
HOA -$16
Property Management Fees -$99
CASH FLOW
$333

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.

$470,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$0.0$5.0k$10k$15k$20k$25k$30k

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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$60,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,108

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,1004$2,3505$2,360
$2,360
RENT COMPS ANALYSIS
  • 3304 E Jacinto Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,310 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.02
    •  
  • 844 N Granite Street Gilbert, AZ 1
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1992
    property image
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.88
    •  
  • 3247 E Inverness Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,457 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,457 Sqft ∙ Built 1997
    property image
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 3261 E Irwin Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 1419 E Encinas Avenue Gilbert, AZ 4
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 1992
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
David Galluzzo
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177722
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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