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4150 E Carmel Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,464 sqft Built 1979

$275,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $187.84
  • 7 Days on Market
  • MLS # : 6168860
  • Updated Date : 12/14/2020 at 21:41
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,464 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Rare model 400 wiith vaulted large living room! Just remodeled kitchen with quartz counters, new stainless sink, faucet, hardware, new induction cooktop and Dacor convection gourmet oven! Great Arizona room is fully finished. Fresh interior paint and brand new carpet and lovely vinyl flooring in all the right areas. Great large interior laundry room with cabinets. New garage door opener (to be installed) and awesome workshop in the garage! Soft water loop plumbing ready for your unit. new toilet in hall bath, new bath sinks and Delta faucets. Great Arizona room and lovely fenced backyard with storage shed.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Mesa High School High Regular 3,406 155 4

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

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,015
Property Tax -$187
Property Insurance -$56
HOA -$4
Property Management Fees -$99
CASH FLOW
-$40

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.

$275,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$16,000

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
  • $1,365

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0953$1,2954$1,2995$1,300
$1,300
RENT COMPS ANALYSIS
  • 4150 E Carmel Avenue Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,464 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,464 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1021 S Greenfield Road #1106 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,223 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,223 Sqft ∙ Built 1986
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $0.90
    •  
  • 4213 E Dolphin Avenue Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,229 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,229 Sqft ∙ Built 1979
    property image
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.05
    •  
  • 5056 E Enid Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976
    property image
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.87
    •  
  • 4115 E Clovis Avenue Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
    property image
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Heather Binder
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168860
Last Updated: 12/14/2020
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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