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3939 N Tirol Circle Mesa, AZ 85215

4 Beds 4 Baths 2,723 sqft Built 1987

$500,000

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $183.62
  • 3 Days on Market
  • MLS # : 6186932
  • Updated Date : 01/30/2021 at 23:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,723 sqft
  • Baths : 3 full , 1 half
Listing Agent

Long Realty Partners

Listing Agent's Description

THIS ONE IS VERY SPECIAL! 5 LARGE BEDROOMS (5TH BEDROOM JUST NEEDS A DOOR) PLUS A LOFT ON HUGE CUL-DE-SAC LOT IN AWARD WINNING RED MTN RANCH. BLOCK HOME IMMACULATELY CARED FOR WITH PLUSH CARPET AND 20'' TILE IN ALL THE TRAFFIC AREAS. UPDATED KITCHEN WITH NEW CABINETRY, GRANITE COUNTERS AND HIGHLY UPGRADED APPLIANCES ALL OPEN TO COZY FAMILY ROOM W/ REAL WOOD FIREPLACE. STEP OUT BACK ONTO HUGE COVERED PATIO OVERLOOKING YOUR PERSONAL OASIS WITH SPARKLING PLAY POOL, RAISED PLANTERS, RV GATE, AND TONS OF OPPORTUNITIES. THE HUGE MASTER SUITE OFFERS A REMODELED BATHROOM W/ LARGE W/IN CLOSET. THE HUGE FORMAL LR/DR IS PERFECT FOR SPECIAL OCCASIONS. HUGE LAUNDRY ROOM, TONS OF STORAGE, B/IN GARAGE CABINETS. MINUTES FROM FREWAYS, SHOPPING/DINING/LAKES/RIVER/HIKING/MOUNTAIN BIKING. SKY HARBOR TOO!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k408k

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

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342211

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,737
Property Tax -$259
Property Insurance -$80
HOA -$13
Property Management Fees -$99
CASH FLOW
$282

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.

$500,000

PROJECTED PRICE

$2,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

8.42

YEARS SAVED

$56,277

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
  • $2,607

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,5004$2,6905$2,950
$2,950
RENT COMPS ANALYSIS
  • 3939 N Tirol Circle Mesa, AZ 1
    • 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 1987 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6931 E Pearl Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,475 Sqft ∙ Built 2005
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.87
    •  
  • 6121 E Saddleback Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1987
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 6052 E Virginia Street Mesa, AZ 4
    • 5 beds 4 baths ∙ 2,783 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,783 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.97
    •  
  • 3643 N Eagle Canyon -- Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Doug Coats
Long Realty Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186932
Last Updated: 01/30/2021
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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