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5066 E Hannibal Street Mesa, AZ 85205

3 Beds 3 Baths 2,356 sqft Built 2016

$420,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $178.27
  • 4 Days on Market
  • MLS # : 6180588
  • Updated Date : 01/14/2021 at 04:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,356 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous newer home (2016) located in a desirable school district and community of Copper Crest. Light and bright open concept kitchen will be the focal point of your family gatherings. Enjoy this fabulous 3 bedroom, 2.5 bath home. A clean and well-planned 2356 sq ft floor plan with an amazing location and upgrades. Functional floor plan with the perfect amount of living spaces & large bedrooms. Chefs kitchen with an abundance of space. Upstairs features a playroom or 2nd living area & the laundry room. Amazing community to live in complete with a soccer field, lush green common areas, & gorgeous community pool/party area. Why build when you can have this immaculately cared for home. Don't wait, call to see it now. This beautiful home will sell fast !!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Falcon Field

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Falcon Field

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,459
Property Tax -$218
Property Insurance -$73
HOA -$69
Property Management Fees -$99
CASH FLOW
-$8

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.

$420,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.45%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$24,555

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
  • $1,971

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,9254$1,975
$1,975
RENT COMPS ANALYSIS
  • 5066 E Hannibal Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1234 N Balboa Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 1530 N Balboa -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2017
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.85
    •  
  • 1347 N Balboa Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,254 Sqft ∙ Built 2019
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.88
    •  
PROPERTY LISTING DETAILS
Raul Saenz
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180588
Last Updated: 01/14/2021
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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