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3348 N Los Alamos -- Mesa, AZ 85213

5 Beds 3 Baths 2,398 sqft Built 2017

$469,500

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $195.79
  • 2 Days on Market
  • MLS # : 6176352
  • Updated Date : 01/09/2021 at 18:59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,398 sqft
  • Baths : 3 full
Listing Agent

American Realty Brokers

Listing Agent's Description

Perfectly maintained and gorgeous 5 bedroom home with white cabinets and granite countertops. One bedroom downstairs and a bathroom downstairs. Four beds upstairs. Laundry upstairs. Beautiful pool surrounded by travertine. Artificial grass and rocks in the backyard make a perfect low maintenance backyard. Gated community. No one behind

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lehi Crossing

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k329k

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

Neighborhood: Lehi Crossing

ZipNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181824

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

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

$422,550$516,450$469,500

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,631
Property Tax -$244
Property Insurance -$74
HOA -$81
Property Management Fees -$99
CASH FLOW
$102

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.

$469,500

PROJECTED PRICE

$2,230

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.6%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,168

INVESTMENT

$130,168

Down Payment
$117,375
Rehab Estimate
$5,750
Closing Costs
$7,043

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,631

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,375
Loan Amount $352,125
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$37,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0003$2,100
$2,100
RENT COMPS ANALYSIS
  • 3348 N Los Alamos -- Mesa, AZ 1
    • 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,398 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3422 E Riverdale Street Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,105 Sqft ∙ Built 2016
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.95
    •  
  • 3359 N Loma Vista -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,237 Sqft ∙ Built 2017
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
PROPERTY LISTING DETAILS
Tiffany M Wright
American Realty Brokers
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176352
Last Updated: 01/09/2021
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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