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3434 E Enid Avenue Mesa, AZ 85204

3 Beds 2 Baths 1,472 sqft Built 1980

$300,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $203.80
  • 2 Days on Market
  • MLS # : 6196740
  • Updated Date : 02/28/2021 at 04:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,472 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Charming single story, 3 bedroom home available in quiet Mesa neighborhood with no HOA. RV/Boat parking on either side of home. Wood look and tile flooring throughout the home. Ideal floor plan offers separate living and family rooms. Open kitchen is complete with plenty of cabinet and counter space plus a breakfast bar. Nice size bedrms. Master includes private en-suite. Large, enclosed backyard offers plenty of room to create your own desert oasis. Enclosed porch, Zosi Surveillanc System. Excellent location, very close to freeways, schools, parks, shopping and dining. HVAC replaced 2018, Roof 2017.

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$1,042
Property Tax -$156
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$17

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.

$300,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.46%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$20,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,465

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,3704$1,4005$1,499
$1,499
RENT COMPS ANALYSIS
  • 3434 E Enid Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $0.93
    •  
  • 3809 E Glade Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,354 Sqft ∙ Built 1984
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
  • 3331 E Calypso Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.05
    •  
  • 3535 E Edgewood Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1979
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 3446 E El Moro Avenue Mesa, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Shawn Rogers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196740
Last Updated: 02/28/2021
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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