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4754 E Halifax Street Mesa, AZ 85205

3 Beds 2 Baths 2,103 sqft Built 1980

$395,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $187.83
  • 3 Days on Market
  • MLS # : 6159504
  • Updated Date : 11/20/2020 at 18:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,103 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Newly remodeled home on almost a half acre lot! Home features, granite countertops, plank tile flooring, new carpet, stainless steel appliances. All appliances included! A bonus room, new interior paint. Workshop with electricity in the backyard, room for lots of toys and NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Princess Park

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $98k271k

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

Neighborhood: Princess Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9401567

* 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
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,457
Property Tax -$205
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$249

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$9,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6503$1,7004$1,7755$1,895
$1,895
RENT COMPS ANALYSIS
  • 4754 E Halifax Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1980 3 beds 2 baths ∙ 2,103 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.75
    •  
  • 5450 E Mclellan Road #236 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,803 Sqft ∙ Built 1999
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 4854 E Princess Drive Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 1985
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 4906 E Brown Road #20 Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994
    property image
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.77
    •  
  • 909 N Seton Street Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
PROPERTY LISTING DETAILS
Ivona Balderrama
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159504
Last Updated: 11/20/2020
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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