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4240 E Fox Street Mesa, AZ 85205

4 Beds 4 Baths 3,740 sqft Built 1999

$660,000

List Price

$2,900

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $176.47
  • 2 Days on Market
  • MLS # : 6169850
  • Updated Date : 12/12/2020 at 21:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,740 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty Executives

Listing Agent's Description

Citrus grove for sale, and the home comes free! But really, this beautiful 4 bedroom, 3.5 bathroom home sits on a spacious lot with a handful of producing citrus trees! Located in the gated subdivision of Mahogany, you'll be living in one of Mesa's premier neighborhoods! Over 3,700 sqft of well maintained single level living! The open kitchen is great for entertaining as it looks across the breakfast bar into the family room! Adjacent to the master bedroom is a second smaller master bedroom with its' own private bath! While the other 2 rooms are located on the east side of the home. On a cool crisp winter evening, find warmth by sliding into the hot tub that is located on the back patio! Additionally you'll find there is also a built-in BBQ and a large grassy area for countless activities!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mahogany

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $109k779k

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

Neighborhood: Mahogany

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10342754

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$594,000$726,000$660,000

PURCHASE PRICE

$2,610$3,190$2,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,900
EXPENSES Loan Payment -$2,435
Property Tax -$450
Property Insurance -$100
HOA -$62
Property Management Fees -$99
CASH FLOW
-$246

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.

$660,000

PROJECTED PRICE

$2,900

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.1%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$180,650

INVESTMENT

$180,650

Down Payment
$165,000
Rehab Estimate
$5,750
Closing Costs
$9,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,435

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $165,000
Loan Amount $495,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$23,676

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
  • $3,086

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$3,500
$3,500
RENT COMPS ANALYSIS
  • 4240 E Fox Street Mesa, AZ 1
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4063 E Fairfield Street Mesa, AZ 2
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.75
    •  
  • 4122 E Mclellan Road #20 Mesa, AZ 3
    • 4 beds 4 baths ∙ 3,882 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,882 Sqft ∙ Built 1998
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.90
    •  
PROPERTY LISTING DETAILS
Daniela Cipra
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169850
Last Updated: 12/12/2020
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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