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3931 E Dartmouth Street Mesa, AZ 85205

4 Beds 2 Baths 2,410 sqft Built 1986

$410,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $170.12
  • 2 Days on Market
  • MLS # : 6178863
  • Updated Date : 01/09/2021 at 21:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,410 sqft
  • Baths : 2 full
Listing Agent

Urban Luxe Real Estate

Listing Agent's Description

Desirable Home at Crosspoint Village within the Mesa Groves. No HOA! This lovely home boasts 4 bdrms,2 baths and is designed for entertaining. Upon entering the home, you are immediately surrounded by rich hrdwd flooring, soaring ceilings, and an impressive stone fireplace. The open kitchen features tons of cabinetry for storage, walk-in pantry w/custom door, granite countertops, backsplash, and breakfast bar that overlooks the dining area. Just off the kitchen is an extended, and enclosed patio, that walks out to your luscious backyard that offers plenty of shade from the mature trees and rich landscape, large grass area, and side RV gate. The oversized owner's suite has vaulted ceilings, Custom Closet, and a large en-suite bath w/standing shower and soaking tub, dbl granite vanities, and

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crosspointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Crosspointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mountain View High School High Regular 3,180 144 8

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Mountain View High School

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

$369,000$451,000$410,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,424
Property Tax -$279
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
$174

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.

$410,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$38,868

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
  • $2,241

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$1,9954$2,4955$2,600
$2,600
RENT COMPS ANALYSIS
  • 3931 E Dartmouth Street Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,410 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 909 N Seton Street Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 3824 E Pueblo Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1985
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
  • 3829 E Dewberry Avenue Mesa, AZ 4
    • 5 beds 3 baths ∙ 2,753 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,753 Sqft ∙ Built 1986
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
  • 4133 E Elmwood Street Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,567 Sqft ∙ Built 1995
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Robert L Schreiner
Urban Luxe Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178863
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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