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3549 E Grandview Street Mesa, AZ 85213

5 Beds 4 Baths 6,064 sqft Built 1986

$1,350,000

List Price

$5,320

$5.1K - $5.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $222.63
  • 5 Days on Market
  • MLS # : 6206837
  • Updated Date : 03/19/2021 at 00:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 6,064 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

This exceptional one of a kind custom basement home, nestled in the groves area of North Mesa, and is minutes from the 202 and the 60. It is in the desirable Mountain View High School, and Stapley Junior High boundaries. This 6,000 plus square foot home sits on 1.4 acres surrounded with citrus trees. This home has it all with 5BR (all with walk in closets) 4.25BA, vaulted ceilings, front office built for two with several built-in cupboards and bookcases, separate dining room, living room, family room, and game room. Two laundry rooms (one upstairs and one downstairs), 4 fireplaces, built in homework center, a HUGE basement with a separate multi-tiered movie room surrounded with velvet pleated curtain and TONS of storage and built-ins everywhere!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northgrove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $109k605k

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

Neighborhood: Northgrove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9383110

* 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
Stapley Junior High School Middle Regular 931 45 8
Mountain View High School High Regular 3,180 144 8

Stapley Junior High School

  • Education Level: Middle
  • # of students: 931
  • # of teachers: 45
8
GreatSchools Rating

Mountain View High School

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

$1,215,000$1,485,000$1,350,000

PURCHASE PRICE

$4,788$5,852$5,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $5,320
EXPENSES Loan Payment -$4,689
Property Tax -$919
Property Insurance -$145
HOA -$4
Property Management Fees -$99
CASH FLOW
-$537

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.

$1,350,000

PROJECTED PRICE

$5,320

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.1%
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$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k$0.0$10k$20k$30k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$363,500

INVESTMENT

$363,500

Down Payment
$337,500
Rehab Estimate
$5,750
Closing Costs
$20,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$4,689

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $337,500
Loan Amount $1,012,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$36,420

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
  • $6,488

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$6,500
$6,500
RENT COMPS ANALYSIS
  • 3549 E Grandview Street Mesa, AZ 1
    • 5 beds 4 baths ∙ 6,064 Sqft ∙ Built 1986 5 beds 4 baths ∙ 6,064 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3454 E Inglewood Circle Mesa, AZ 2
    • 6 beds 5 baths ∙ 6,070 Sqft ∙ Built 2002 6 beds 5 baths ∙ 6,070 Sqft ∙ Built 2002
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $6,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Christie Catherine Bulian
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206837
Last Updated: 03/19/2021
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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