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4761 E Capri Avenue Mesa, AZ 85206

3 Beds 2 Baths 1,980 sqft Built 1979

$379,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $191.87
  • 2 Days on Market
  • MLS # : 6184499
  • Updated Date : 01/30/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,980 sqft
  • Baths : 1 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This jaw dropper is one of the nicest homes in Sunland! Just under 2,000 sq ft on this turnkey corner lot home. This 600 model has had 200 permit-table sq ft added to it along with lots of custom updating. There is a beautiful bar area and extra living area along with an added room that makes for an excellent guest bedroom. The golf cart garage makes for a great workshop area or office space. All furnishings, 3 Samsung TVs, & appliances will be included in your new home. Nice open floor plan w/ lots of space to entertain. Plenty of counter space in kitchen along w/ a large pantry, a built in oven & microwave, along with free standing smooth top range, & laundry room. Beautiful covered 11x30 tile patio w/ Sluder padding. Newer roof, gutters, hot water heater, insulated garage door.

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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,320
Property Tax -$259
Property Insurance -$66
HOA -$4
Property Management Fees -$99
CASH FLOW
-$187

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.

$379,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.41%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% 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 $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,985

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5603$1,7254$1,7855$1,995
$1,995
RENT COMPS ANALYSIS
  • 4761 E Capri Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.79
    •  
  • 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
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.87
    •  
  • 5440 E Drummer Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,840 Sqft ∙ Built 1985
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.94
    •  
  • 5314 E Flower Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,762 Sqft ∙ Built 1998
    property image
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $1.01
    •  
  • 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
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Dawn Bahr
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184499
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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