Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3633 S Harlan -- Mesa, AZ 85212

4 Beds 3 Baths 2,080 sqft Built 2010

$450,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $216.35
  • 2 Days on Market
  • MLS # : 6174596
  • Updated Date : 12/26/2020 at 10:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,080 sqft
  • Baths : 3 full
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Dont miss this rare opportunity to own a 4bdr, 3bath home on over a 15,000sf lot with a 3 car garage and pool! The kitchen offers granite countertops, stainless appliances with gas range and tons of storage. All 3 bathrooms have been upgraded with new lighting, mirrors, vanities and countertops. Backyard offers a large fenced pool with slide and tons of space to add all your other toys - the covered patio and grassy area make a great entertaining space. Tile flooring, plantation shutters, neutral paint and custom touches throughout - this home is truly a rare find in this price range!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

* 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
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,660
Property Tax -$272
Property Insurance -$68
HOA -$34
Property Management Fees -$99
CASH FLOW
-$252

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.

$450,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.42%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$12,540

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,685

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6253$1,6954$1,7505$1,880
$1,880
RENT COMPS ANALYSIS
  • 3633 S Harlan -- Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,080 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.90
    •  
  • 3912 S Emery Circle Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2002
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
  • 11256 E Quade Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.85
    •  
  • 11040 E Quartet Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,080 Sqft ∙ Built 2010
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 11533 E Quicksilver Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jennifer Felker
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174596
Last Updated: 12/26/2020
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.

BESbswy