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4617 E Carmel Avenue Mesa, AZ 85206

3 Beds 2 Baths 1,958 sqft Built 1979

$360,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $183.86
  • 5 Days on Market
  • MLS # : 6200092
  • Updated Date : 03/01/2021 at 02:47
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,958 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Nestled in heart of Sunland Village, an amazing home built by award winning Farnsworth. Home includes 3bd/2bth, lovely living rm, big family rm, bonus rm & laundry rm w/sink & cabnts. Upgrades galore in this irresistible home, new high-end flooring, custom paint, magnificent tiled fireplace in family rm, new 5 ton HVAC system, new custom dual pane windows, newer micro & extra quiet D/W, new 10x12 storage unit, E/W side extended pathways, extended property block wall for privacy. Enjoy relaxing on the lovely front porch or on the covered back patio just off the breakfast room. There is a private workshop w/cabnts. Yard designed for easy care. Sunland is a master-planned comm where homeowners enjoy golf, tennis, heated pool & spas, a community restaurant + loads of social activities.

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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,250
Property Tax -$245
Property Insurance -$65
HOA -$4
Property Management Fees -$99
CASH FLOW
-$54

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.

$360,000

PROJECTED PRICE

$1,610

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$16,647

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,885

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6103$1,7854$1,8255$1,995
$1,995
RENT COMPS ANALYSIS
  • 4617 E Carmel Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,958 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.82
    •  
  • 4136 E Arbor Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1992
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 5314 E Flower Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1998
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.01
    •  
  • 1314 S Quinn -- Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1990
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.06
    •  
  • 3824 E Pueblo Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1985
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Judith W Roberts
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200092
Last Updated: 03/01/2021
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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