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4714 E Escondido Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,898 sqft Built 1980

$350,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $184.40
  • 2 Days on Market
  • MLS # : 6181717
  • Updated Date : 01/16/2021 at 22:24
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,898 sqft
  • Baths : 1 full , 1 half
Listing Agent

Farnsworth Realty & Management Company

Listing Agent's Description

****CUL-DE-SAC**** NESTLED IN THE HEART OF SUNLAND VILLAGE, A 55+ COMMUNITY IN THE EAST VALLEY OF THE SUN, IS THIS LOVELY CUSTOM MODEL 700 BUILT BY AWARD WINNING FARNSWORTH. BUYERS PAY $1,400 FEE TO HOA AT COE FOR COMMON PROPERTY MAINTENANCE FUND. 12,354 Sq.Ft. YARD IS IDEAL FOR ENJOYING THE FAMOUS ARIZONA WEATHER. COVERED PATIO PROVIDES PICTURESQUE OUTDOOR LIVING SPACE. EAT-IN KITCHEN HAS: STOVE-2017; REFRIGERATOR-2018; DISHWASHER-2017; MICROWAVE-2017; R/O-W/NEWER TANK. MASTER SUITE HAS 3/4 BATH AND WALK-IN CLOSET. COMFORTABLE GUEST ROOM. FULL MAIN BATH. INSIDE LAUNDRY INCLUDES WASHER-2020 & DRYER. WATER HEATER-2019. A/C-2012. OWNED WATER SOFTENER-2019. CLOSE TO AMENITIES. FORMAL DINING ROOM. LIVING ROOM. OVER 1/4 ACRE LOT. BUYERS TO VERIFY MEASUREMENTS & ATTRIBUTES.

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,216
Property Tax -$238
Property Insurance -$64
HOA -$4
Property Management Fees -$99
CASH FLOW
-$341

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.

$350,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.37%

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,559

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,076

    COMP ESTIMATED VALUE
  • $0.57

    COMP AVG. RENT PER SQFT
Comps Range
$900
1$9002$1,0453$1,2004$1,280
$1,280
RENT COMPS ANALYSIS
  • 4714 E Escondido Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,898 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,898 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.67
    •  
  • 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
    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
    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
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.69
    •  
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 #: 6181717
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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