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4212 E Dragoon Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,776 sqft Built 1979

$278,500

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $156.81
  • 5 Days on Market
  • MLS # : 6161955
  • Updated Date : 11/19/2020 at 17:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,776 sqft
  • Baths : 1 full , 1 half
Listing Agent

Farnsworth Realty & Management Company

Listing Agent's Description

NESTLED IN THE HEART OF SUNLAND VILLAGE, A 55+ COMMUNITY IN THE EAST VALLEY OF THE SUN, IS THIS LOVELEY 600 MODEL BUILT BY AWARD WINNING FARNSWORTH. BUYERS PAY $1,300 FEE TO HOA AT COE FOR COMMON PROPERTY MAINTENANCE FUND. LIVING ROOM. FORMAL DINING AREA. INSIDE LAUNDRY INCLUDES WASHER & DRYER. KITCHEN HAS: BREAKFAST BAR; WALL OVEN COOK TOP; DISHWASHER; REFRIGERATOR. ARIZONA ROOM WITH FIREPLACE. FULL MAIN BATH. MASTER SUITE HAS 3/4 BATH WITH HIS/HERS CLOSETS. COMFORTABLE GUEST ROOM. PREFERRED NORTH/SOUTH ORIENTATION. COVERED PATIOS BOTH FRONT & BACK. BLOCK FENCED YARD IS IDEAL FOR ENJOYING THE FAMOUS ARIZONA WEATHER. HEAT PUMP - 2013. WATER HEATER - 2015. ROOF - 2008. VINYL EVES - 2009. LAMINATE FLOORING - 2009. SUNLAND VILLAGE HAS A GOLF COURSE/RESTAURANT; TENNIS; WORK OUT ROOM & MORE.

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
 

$250,650$306,350$278,500

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,028
Property Tax -$190
Property Insurance -$62
HOA -$4
Property Management Fees -$99
CASH FLOW
$68

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.

$278,500

PROJECTED PRICE

$1,450

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$79,553

INVESTMENT

$79,553

Down Payment
$69,625
Rehab Estimate
$5,750
Closing Costs
$4,178

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,028

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,625
Loan Amount $208,875
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$26,764

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
  • $1,592

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2993$1,3004$1,450
$1,450
RENT COMPS ANALYSIS
  • 4212 E Dragoon Avenue Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,776 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5056 E Enid Avenue Mesa, AZ 2
    • 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 3
    • 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
    •  
  • 4613 E Escondido Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,593 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,593 Sqft ∙ Built 1980
    property image
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ellen Patricia Hansen
Farnsworth Realty & Management Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161955
Last Updated: 11/19/2020
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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