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5142 E Casper Street Mesa, AZ 85206

3 Beds 2 Baths 1,088 sqft Built 1995

$257,000

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $236.21
  • 1 Days on Market
  • MLS # : 6160775
  • Updated Date : 11/14/2020 at 22:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,088 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Pride of Ownership is evident throughout this wonderful home. Vaulted ceilings, new ceiling fans, tile and carpet flooring. Freshly painted inside and out. A/C recently serviced with a new motor and work great! Spacious open floor plan. Enjoy the sparkling heated pool, covered patio, & decorative fountain. Close to Shopping. Furniture available on separate bill of sale. Take a tour today & stop renting!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stonecrest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $99k271k

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

Neighborhood: Stonecrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9621567

* 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
 

$231,300$282,700$257,000

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$948
Property Tax -$133
Property Insurance -$48
HOA -$33
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.

$257,000

PROJECTED PRICE

$1,170

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,855

INVESTMENT

$73,855

Down Payment
$64,250
Rehab Estimate
$5,750
Closing Costs
$3,855

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$948

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,250
Loan Amount $192,750
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$11,192

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
  • $1,170

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2203$1,3004$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 5142 E Casper Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,088 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 125 S 56th Street #3 Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1999
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 5503 E Fairfield Street Mesa, AZ 4
    • 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
    •  
  • 4725 E Brown Road #81 Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,422 Sqft ∙ Built 1987
    LEASED 05/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.09
    •  
PROPERTY LISTING DETAILS
Anastasia Gervasi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160775
Last Updated: 11/14/2020
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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