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4814 E Elmwood Street Mesa, AZ 85205

3 Beds 2 Baths 1,200 sqft Built 1985

$279,900

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $233.25
  • 4 Days on Market
  • MLS # : 6186503
  • Updated Date : 01/29/2021 at 02:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,200 sqft
  • Baths : 2 full
Listing Agent

Tradelands Realty

Listing Agent's Description

Great 3 bedroom 2 bath home in Alta Mesa. As you enter the front door you walk into a spacious family room with a split floor plan providing extra privacy for the master bedroom. Located on a large 1/4 acre lot with south exposure, this home is great for entertaining. Perfect central Mesa location with easy commuting access via the Red Mountain 202 to the North and 60 to the South. Close to shopping, dining and golf. 2 car garage

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northpointe Commons

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k275k

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

Neighborhood: Northpointe Commons

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$972
Property Tax -$145
Property Insurance -$51
HOA -$35
Property Management Fees -$99
CASH FLOW
-$92

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.

$279,900

PROJECTED PRICE

$1,210

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 10.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$972

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,2102$1,2203$1,2754$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 4814 E Elmwood Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $1.01
    •  
  • 5136 E Evergreen Street #1072 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1986
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.10
    •  
  • 5135 E Evergreen Street #1172 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1985
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.14
    •  
  • 4423 E Mclellan Road #107 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.07
    •  
  • 4423 E Mclellan Road #110 Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.11
    •  
PROPERTY LISTING DETAILS
Brickman Allen
Tradelands Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186503
Last Updated: 01/29/2021
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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