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5446 E Farmdale Avenue Mesa, AZ 85206

3 Beds 2 Baths 1,439 sqft Built 1993

$269,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $187.56
  • 5 Days on Market
  • MLS # : 6174231
  • Updated Date : 12/24/2020 at 10:40
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,439 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

SOLD AS-IS. THIS IS A FLIP OPPORTUNITY FOR YOUR INVESTOR BUYERS. CASH AND QUICK CLOSE IS PREFERRED. GREAT ROOM PLAN 3/2 WITH MASTER SPLIT AND 2 CAR GARAGE. NO HOA. NEWER TRANE HEAT PUMP INSTALLED SUMMER 2017. FULTON HOMES NEIGHBORHOOD. GREAT PARK JUST DOWN THE STREET. SEE THIS ONE SOON. CURRENTLY OWNED BY A TAX EXEMPT NON-PROFIT SO THE PROPERTY TAXES ARE ESTIMATED. BUYER SHALL DO THEIR OWN DUE DILIGENCE TO DETERMINE TAXES TO THEIR SATISFACTION.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Valencia

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Arizona Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9571567

* 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
Mesa High School High Regular 3,406 155 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

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$996
Property Tax -$195
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$75

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.

$269,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$996

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$27,621

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
  • $1,493

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,6004$1,6005$1,650
$1,650
RENT COMPS ANALYSIS
  • 5446 E Farmdale Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5738 E Garnet Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 4954 E Hilton Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1997
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.03
    •  
  • 5740 E Glade Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1998
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 5749 E Glade Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,541 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,541 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Howard L Rudin
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174231
Last Updated: 12/24/2020
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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