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5029 E Evergreen Street Mesa, AZ 85205

3 Beds 2 Baths 1,428 sqft Built 1985

$359,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $252.03
  • 6 Days on Market
  • MLS # : 6176383
  • Updated Date : 01/05/2021 at 22:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

This home is absolutely stunning! Complete remodel inside and out.. 3BR/2BA, remodel includes fresh paint inside and out, 3-in baseboards throughout the home, new lighting and fixtures throughout including ceiling fans, doors and flooring. Beautiful neutral granite countertops in the kitchen with gorgeous notty pine cabinets. Designer finishes everywhere and the bathrooms have both been completely updated with custom tile shower work and new up-graded fixtures with plumbing. New wrought iron RV gate with slab and a huge backyard with a gorgeous large covered patio perfect for entertaining. Bring your toys and put the RV to use as the HOA is okay with trailers, fifth wheels etc.. Low maintenance frontscape is being installed with new drip system. This home has been completely renovated with

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
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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,250
Property Tax -$187
Property Insurance -$55
HOA -$37
Property Management Fees -$99
CASH FLOW
-$208

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.

$359,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.39%

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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$7,492

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,542

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4953$1,6504$1,6755$1,750
$1,750
RENT COMPS ANALYSIS
  • 5029 E Evergreen Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.99
    •  
  • 5503 E Fairfield Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1991
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
  • 4923 E Hobart Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1986
    LEASED 06/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.10
    •  
  • 5041 E Dallas Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1986
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.08
    •  
  • 4803 E Princess Drive Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1985
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.07
    •  
PROPERTY LISTING DETAILS
Lisa Arnold
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176383
Last Updated: 01/05/2021
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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