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525 S Mulberry -- Mesa, AZ 85202

3 Beds 2 Baths 1,462 sqft Built 1960

$314,900

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $215.39
  • 2 Days on Market
  • MLS # : 6170828
  • Updated Date : 12/12/2020 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,462 sqft
  • Baths : 2 full
Listing Agent

Gentry Real Estate

Listing Agent's Description

This is the fabulous 3 bed/2 bath home in Mesa you've been looking for! Step inside to find an L-shaped great room with tons of natural light and brick accented fireplace in living area. Open concept kitchen offers solid surface counters, large breakfast bar, stainless steel appliances, and white cabinets. Beautiful owner's suite includes a private exit to patio, spacious walk-in closet, and en-suite bath with a tiled shower & double sinks. Let's not forget about the ample laundry room perfect for sewing, an office space, you name it, the list goes on! Awesome backyard has covered patio, a paved area great for a BBQ or ramada, and tons of potential for customizing it any way you can imagine. This one is ready for you to call it home! Stop by today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Westwood High School High Regular 3,131 145 4

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

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$283,410$346,390$314,900

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 -$1,162
Property Tax -$163
Property Insurance -$56
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.

$314,900

PROJECTED PRICE

$1,390

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$15,386

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
  • $1,546

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,3954$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 525 S Mulberry -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,462 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1051 S Dobson Road #68 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,160 Sqft ∙ Built 1974
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.12
    •  
  • 1342 W Emerald Avenue #225 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1979
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.09
    •  
  • 1051 S Dobson Road #201 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1979
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 507 S Rogers -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1970
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.02
    •  
PROPERTY LISTING DETAILS
Brian Kingdeski
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170828
Last Updated: 12/12/2020
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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