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4022 E Grandview Street Mesa, AZ 85205

6 Beds 5 Baths 4,410 sqft Built 1985

$805,000

List Price

$3,130

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $182.54
  • 2 Days on Market
  • MLS # : 6170272
  • Updated Date : 12/12/2020 at 15:47
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,410 sqft
  • Baths : 4 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Fabulous house located on a large lot in prestigious Estate Groves with NO HOA. Main house has open concept with renovated kitchen, 2 large master bedrooms with renovated bathrooms. Mother-in-law suite has 2 beds 1.5 baths private kitchen, living room and patio. This house was made for entertaining! Backyard has outdoor kitchen, fire pit, custom water fountain, oversize pool and built in hot tub.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estate Grove and Valencia Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $109k774k

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

Neighborhood: Estate Grove and Valencia Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10342728

* 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
 

$724,500$885,500$805,000

PURCHASE PRICE

$2,817$3,443$3,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,130
EXPENSES Loan Payment -$2,970
Property Tax -$548
Property Insurance -$113
Property Management Fees -$99
CASH FLOW
-$600

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.

$805,000

PROJECTED PRICE

$3,130

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$219,075

INVESTMENT

$219,075

Down Payment
$201,250
Rehab Estimate
$5,750
Closing Costs
$12,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,970

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $201,250
Loan Amount $603,750
See What Happens When You Reinvest Cash Flow

1.83

YEARS SAVED

$11,054

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
  • $3,263

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7003$3,2004$3,395
$3,395
RENT COMPS ANALYSIS
  • 4022 E Grandview Street Mesa, AZ 1
    • 6 beds 5 baths ∙ 4,410 Sqft ∙ Built 1985 6 beds 5 baths ∙ 4,410 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3930 E Fox Circle Mesa, AZ 2
    • 6 beds 5 baths ∙ 4,172 Sqft ∙ Built 1999 6 beds 5 baths ∙ 4,172 Sqft ∙ Built 1999
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.65
    •  
  • 1414 N Robin Lane Mesa, AZ 3
    • 5 beds 5 baths ∙ 4,318 Sqft ∙ Built 1998 5 beds 5 baths ∙ 4,318 Sqft ∙ Built 1998
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.74
    •  
  • 3843 E Laurel Street Mesa, AZ 4
    • 5 beds 4 baths ∙ 4,100 Sqft ∙ Built 1994 5 beds 4 baths ∙ 4,100 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,395
    • $0.83
    •  
PROPERTY LISTING DETAILS
Benjamin Wolfe
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170272
Last Updated: 12/12/2020
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.

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