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4762 E Carol Avenue Mesa, AZ 85206

2 Beds 2 Baths 1,980 sqft Built 1980

$310,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $156.57
  • 4 Days on Market
  • MLS # : 6167054
  • Updated Date : 12/03/2020 at 10:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,980 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

This stunning single story Sunland Village home is located on a prime corner lot with gorgeous curb appeal. The backyard features northern exposure with professional low maintenance landscaping, an oversized covered epoxy patio, 2 gates that allow for easy storage access and convenience, a large shed with power for an exceptional storage space, and beautiful pavers, it's the ultimate space for entertaining or relaxing. The interior is warm and welcoming with updated laminate flooring, tile, and carpet. There are several updated items such as the full HVAC replacement, the AZ room split into a family space and an extra bedroom / den with closet, and second bathroom full remodel. There are also many subtle updates such as extra insulation, owned water softener system, owned R.O. system,

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,144
Property Tax -$211
Property Insurance -$66
HOA -$4
Property Management Fees -$99
CASH FLOW
-$273

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.

$310,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.40%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,188

    COMP ESTIMATED VALUE
  • $0.6

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0453$1,200
$1,200
RENT COMPS ANALYSIS
  • 4762 E Carol Avenue Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,980 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,980 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
Michelle Arzac
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167054
Last Updated: 12/03/2020
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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