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415 Leisure World -- Mesa, AZ 85206

3 Beds 2 Baths 1,712 sqft Built 1974

$215,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $125.58
  • 4 Days on Market
  • MLS # : 6177967
  • Updated Date : 01/07/2021 at 17:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,712 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Amazing opportunity to own a fully furnished TownHome with two car garage and front/back patio located in the prestigious Active Adult Community, Leisure World. Community comes with 36 holes of private golf course, swimming pools/hot tubs, billiard rooms, state of the art fitness and more. 24 hour secured community with easy access to shopping, restaurants, and medical facilities. 


SEE MORE

PRICE & RENT TRENDS

Neighborhood: Leisure World

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k273k

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

Neighborhood: Leisure World

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10031567

* 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
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$747
Property Tax -$127
Property Insurance -$61
HOA -$530
Property Management Fees -$99
CASH FLOW
$207

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.

$215,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.82%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$24,778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,798

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,585
1$1,5852$1,6253$1,7504$1,7705$1,849
$1,849
RENT COMPS ANALYSIS
  • 415 Leisure World -- Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,712 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.03
    •  
  • 924 S Longwood Loop Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,472 Sqft ∙ Built 1962
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,585
    • $1.08
    •  
  • 7118 E Meseto Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1994
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
  • 6942 E Exmoor Drive Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 1961 3 beds 3 baths ∙ 1,690 Sqft ∙ Built 1961
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 4307 E Encinas Avenue Gilbert, AZ 5
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 1992
    LEASED 10/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $1.04
    •  
PROPERTY LISTING DETAILS
Fred P Weaver Iv
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177967
Last Updated: 01/07/2021
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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