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4160 E Capri Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,880 sqft Built 1979

$274,900

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $146.22
  • 6 Days on Market
  • MLS # : 6171661
  • Updated Date : 12/16/2020 at 15:01
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,880 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Situated in an amazing over 55 community that has stood the test of time, this home is close to everything. The community areas feature heated pools and spas, a new (2017) workout center, golf course and community event center. The kitchen is bright and airy and features a skylight. Large closets and garage offer plenty of storage. The Arizona room makes great office or TV room. An expanded laundry room has space for crafts or additional freezer. Buyer to pay $1300 common area fee at closing.

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
 

$247,410$302,390$274,900

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$1,014
Property Tax -$187
Property Insurance -$64
HOA -$4
Property Management Fees -$99
CASH FLOW
-$138

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.

$274,900

PROJECTED PRICE

$1,230

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

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

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$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,451

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
  • $1,065

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9003$1,0454$1,200
$1,200
RENT COMPS ANALYSIS
  • 4160 E Capri Avenue Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,880 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4757 E Camino Street #1 Mesa, AZ 2
    • 2 beds 1 baths ∙ 1,795 Sqft ∙ Built 1983 2 beds 1 baths ∙ 1,795 Sqft ∙ Built 1983
    property image
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.50
    •  
  • 516 N Quinn Street #1 Mesa, AZ 3
    • 2 beds 1 baths ∙ 2,056 Sqft ∙ Built 1980 2 beds 1 baths ∙ 2,056 Sqft ∙ Built 1980
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,045
    • $0.51
    •  
  • 4523 E Camino Circle Mesa, AZ 4
    • 2 beds 1 baths ∙ 1,741 Sqft ∙ Built 1983 2 beds 1 baths ∙ 1,741 Sqft ∙ Built 1983
    property image
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.69
    •  
PROPERTY LISTING DETAILS
David Estill
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171661
Last Updated: 12/16/2020
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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