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3515 S Adelle -- Mesa, AZ 85212

3 Beds 3 Baths 1,540 sqft Built 2001

$315,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $204.55
  • 3 Days on Market
  • MLS # : 6184355
  • Updated Date : 01/22/2021 at 16:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,540 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Immaculate home located in Meridian Pointe in Mesa is ready for immediate move in! This well cared for home has 3 bedrooms, 2.5 baths and plenty of space to enjoy! This popular floor plan has an eat in kitchen, (including refrigerator and new garbage disposal), and a spacious living room. Upstairs there is the large master suite, with separate shower and tub, dual sinks and walk in closet. Upstairs, there are two other bedrooms, both with brand new carpeting, and a full bath, and a loft area with an exit to the upper patio. The upper patio has magnificent views of the Superstitions. The backyard is beautiful with a grassy area, pavers and a pergola. A 2 car garage with a new water heater complete this home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meridian Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k300k

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

Neighborhood: Meridian Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181775

* 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
Meridian Elementary School Primary Regular 982 50 9
Meridian Elementary School Middle Regular 982 50 9
Desert Ridge High School High Regular 2,752 119 6

Meridian Elementary School

  • Education Level: Primary
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Meridian Elementary School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,094
Property Tax -$190
Property Insurance -$57
HOA -$17
Property Management Fees -$99
CASH FLOW
-$28

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.

$315,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$16,841

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
  • $1,448

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,6004$1,6995$1,765
$1,765
RENT COMPS ANALYSIS
  • 3515 S Adelle -- Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,540 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11255 E Quarry Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,513 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,513 Sqft ∙ Built 2002
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 11251 E Quarry Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 10660 E Pampa Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 2000
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.94
    •  
  • 3502 S Tambor Drive Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,862 Sqft ∙ Built 2001
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kenny Klaus
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184355
Last Updated: 01/22/2021
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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