Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
534 N Pasadena -- 
Mesa, AZ
85201
3 Beds 1 Baths 1,072 sqft
Built 1988
INVESTimate
$235,000
List Price
$68,025
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $219.22
- 1 Days on Market
- MLS # : 6113961
- Updated Date : 08/25/2020 at 18:23
CONSTRUCTION
- Beds : 3
- Floor Size : 1,072 sqft
- Baths : 1 full
Listing Agent
Homesmart
Listing Agent's Description
Adorable 3 bed 1 bath in the Heart of Mesa. Newer Roof, Newer AC, fresh paint. Huge covered patio must see. Great price.
SEE MORE
PRICE & RENT TRENDS
Neighborhood: Escobedo Historic District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Escobedo Historic District
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,050 |
| EXPENSES | Loan Payment | -$867 |
| Property Tax | -$122 | |
| Property Insurance | -$48 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$86
|
||
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.
$235,000
PROJECTED PRICE
$1,050
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.56% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$68,025
LOAN DETAILS
$867
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $58,750 |
| Loan Amount | $176,250 |
4
YEARS SAVED
$10,059
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,050
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,193
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
534 N Pasadena -- Mesa, 1
- 3 beds 1 baths ∙ 1,072 Sqft ∙ Built 1988 3 beds 1 baths ∙ 1,072 Sqft ∙ Built 1988
- Rent
- Rent Per SQFT
- $1,050
- $0.98
-
1141 N July Circle #101 Mesa, 2
- 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 2003
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,150
- $1.08
-
860 E Brown Road #17 Mesa, 3
- 3 beds 2 baths ∙ 1,069 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,069 Sqft ∙ Built 1980
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,250
- $1.17
-
905 N Grand Street Mesa, 4
- 4 beds 2 baths ∙ 1,247 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,247 Sqft ∙ Built 1971
LEASED 05/19/19- Rent
- Rent Per SQFT
- $1,395
- $1.12
-
945 N Pasadena Street #106 Mesa, 5
- 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,380 Sqft ∙ Built 1985
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,495
- $1.08
PROPERTY LISTING DETAILS
Homesmart
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6113961
Last Updated: 08/25/2020
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.
