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3510 E Hampton Avenue #7 Mesa, AZ 85204

2 Beds 2 Baths 1,237 sqft Built 1993

$273,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $220.70
  • 2 Days on Market
  • MLS # : 6190845
  • Updated Date : 02/06/2021 at 14:10
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,237 sqft
  • Baths : 1 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

A MUST SEE...spectacular move-in ready home, 2 bdrm/2 bath/2 car garage w/charming private backyard in a highly desired location. Spacious kitchen features stylish cabinets, granite counters, large pantry. Exit thru slider door to a private back patio! Living rm w/cozy wood burning fireplace. Generous master w/walk-in closet, sliding door to private patio, double sink vanity. Meet your neighbors relaxing by heated pool nearby. Community is pet friendly & well maintained. HOA has approved plans to install GATED security entrance, expected in early 2021. UPDATES: Roof in 2015; HVAC 2017; air duct cleaning, switched all incandescent lighting to LED; Garage Door Opener 2018; Microwave 2021; paint and updated backyard landscaping, dryer vent cleaning. YOU DON'T WANT TO MISS THIS LITTLE JEWEL!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dana Ranch at Villas Owners

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $93k271k

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

Neighborhood: Dana Ranch at Villas Owners

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
 

$245,700$300,300$273,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$948
Property Tax -$142
Property Insurance -$51
HOA -$151
Property Management Fees -$99
CASH FLOW
-$1

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.

$273,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,095

INVESTMENT

$78,095

Down Payment
$68,250
Rehab Estimate
$5,750
Closing Costs
$4,095

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$948

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,250
Loan Amount $204,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,088

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
  • $1,259

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3004$1,3505$1,450
$1,450
RENT COMPS ANALYSIS
  • 3510 E Hampton Avenue #7 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,237 Sqft ∙ Built 1993 2 beds 2 baths ∙ 1,237 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4213 E Dolphin Avenue Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,229 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,229 Sqft ∙ Built 1979
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.05
    •  
  • 1015 S Val Vista Drive #73 Mesa, AZ 3
    • 2 beds 3 baths ∙ 1,245 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,245 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 1350 S Greenfield Road #2073 Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,342 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,342 Sqft ∙ Built 2008
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.01
    •  
  • 440 S Val Vista Drive #81 Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,502 Sqft ∙ Built 2000 2 beds 2 baths ∙ 1,502 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
PROPERTY LISTING DETAILS
Patricia Collins
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190845
Last Updated: 02/06/2021
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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