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4561 E Elena Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,920 sqft Built 1981

$379,999

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $197.92
  • 3 Days on Market
  • MLS # : 6184650
  • Updated Date : 01/30/2021 at 18:46
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,920 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Welcome Home to Sunland Village. One of the nicest homes to ever hit the market in the area. Fully remodeled in 2019 2bed 2bath home with almost 2,000 sq ft, that includes an AZ / family room with heat pump and air conditioning. As you walk through the front door you'll be greeted with a large open floor plan, and vinyl plank wood look flooring throughout. The extra large kitchen has stainless steel appliances, gorgeous granite, and cabinets that soar to the ceiling. Large center island with storage. Formal dining area right off the kitchen. Big bedrooms with ample closet and bathroom space. Dual sinks in the master bath as well as a walk in shower. Extended garage with golf cart parking, and built in cabinets. Roller shades on all windows. Laundry room has sink with lots of extra storage

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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

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

$341,999$417,999$379,999

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 -$1,320
Property Tax -$259
Property Insurance -$65
HOA -$4
Property Management Fees -$99
CASH FLOW
-$516

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.

$379,999

PROJECTED PRICE

$1,230

PROJECTED RENT

0.32%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $95,000
Loan Amount $284,999
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$78

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,230

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,088

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$1,0453$1,2004$1,230
$1,230
RENT COMPS ANALYSIS
  • 4561 E Elena Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,920 Sqft ∙ Built 1981 2 beds 2 baths ∙ 1,920 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.64
    •  
  • 4757 E Camino Street #1 Mesa, AZ 1
    • 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 2
    • 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 3
    • 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
Randy D Blachley, Jr
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184650
Last Updated: 01/30/2021
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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