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525 N Val Vista Drive #6 Mesa, AZ 85213

3 Beds 2 Baths 1,515 sqft Built 1995

$299,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1995
  • Price/Sqft : $197.95
  • 6 Days on Market
  • MLS # : 6153440
  • Updated Date : 10/29/2020 at 13:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,515 sqft
  • Baths : 2 full
Listing Agent

Elite Results Realty

Listing Agent's Description

Gorgeous move in ready single level home filled with modern updates in Highland Park Manor! This home has it all including stylish tile in all the right places, fresh new carpet, modern fixtures throughout, and has been recently painted inside and out! Impressive kitchen has been updated with new trendy white cabinetry, new white corian countertops, and stainless steel appliances! Ample living and dining space make this home perfect for entertaining! Spacious master suite has a large walk in closet, new vanity with double sinks, new fixtures, and a separate garden tub & walk in shower! Garage features a bonus storage room and water softener system! Located close to the 60/202, dining, shopping and everything else Mesa has to offer! Backyard is low maintenance and just the right size!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Highland Park Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $103k358k

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

Neighborhood: Highland Park Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8621981

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,107
Property Tax -$204
Property Insurance -$57
HOA -$14
Property Management Fees -$99
CASH FLOW
-$90

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.

$299,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$900k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$12,820

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
  • $1,473

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2003$1,3004$1,3955$1,425
$1,425
RENT COMPS ANALYSIS
  • 525 N Val Vista Drive #6 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,515 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3227 E Calypso Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.93
    •  
  • 125 N 22nd Place #66 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 2000
    property image
    LEASED 06/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 125 N 22nd Place #71 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,396 Sqft ∙ Built 2001
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 2528 E Contessa Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,478 Sqft ∙ Built 1994
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.96
    •  
PROPERTY LISTING DETAILS
Rob Hale
Elite Results Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153440
Last Updated: 10/29/2020
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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