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4230 N Everest -- Mesa, AZ 85215

5 Beds 3 Baths 3,205 sqft Built 1992

$589,000

List Price

$2,880

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $183.78
  • 3 Days on Market
  • MLS # : 6184616
  • Updated Date : 01/24/2021 at 02:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sun Canyon Realty

Listing Agent's Description

Awesome 5 bedroom home with Master bedroom down with back yard access. Golf course community you can join with clubhouse access to facilities. Large open kitchen to family room with fireplace and vaulted ceilings. Breakfast bar, granite counters and walk in pantry. Formal dining and living room that is currently used as kids play area. Entertaining back yard with Unique pool with two little islands inside pool area. Both pool and spa can be heated. Side yard has putting green and artificial grass for kids play area. Built in BBQ and RV gate on side of home.Seperate bar area in dining are. Newer blinds and celling fans. So much to enjoy in this Red Mtn Ranch area. Hiking trails, close to lakes and so much more.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k408k

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

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342211

* 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
Red Mountain High School High Regular 3,347 145 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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$530,100$647,900$589,000

PURCHASE PRICE

$2,592$3,168$2,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,880
EXPENSES Loan Payment -$2,046
Property Tax -$306
Property Insurance -$90
HOA -$14
Property Management Fees -$99
CASH FLOW
$326

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.

$589,000

PROJECTED PRICE

$2,880

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$161,835

INVESTMENT

$161,835

Down Payment
$147,250
Rehab Estimate
$5,750
Closing Costs
$8,835

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,046

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $147,250
Loan Amount $441,750
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$65,916

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
  • $3,381

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,1753$3,300
$3,300
RENT COMPS ANALYSIS
  • 4230 N Everest -- Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,205 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,205 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7130 E Saddleback Street #14 Mesa, AZ 2
    • 4 beds 4 baths ∙ 3,209 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,209 Sqft ∙ Built 2007
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,175
    • $0.99
    •  
  • 8040 E Vista Canyon Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2005
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Judith E. Massier
Sun Canyon Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184616
Last Updated: 01/24/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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