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5451 E Dolphin Avenue Mesa, AZ 85206

4 Beds 2 Baths 2,459 sqft Built 1989

$439,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $178.53
  • 2 Days on Market
  • MLS # : 6206848
  • Updated Date : 03/13/2021 at 14:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,459 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This single level 4bd + office/den features an additional bonus/game room with a diving pool and no HOA! Well established neighborhood with mature landscape. Living room features vaulted ceilings and a beautiful, unique fireplace. Kitchen offers granite counter tops and a pass through window. Master bedroom has private access out into the backyard and has 2 closets! You'll find lush green grass in both the front and backyard with an automatic H20 watering system. Backyard offers covered patio, 2 storage sheds and a fenced pool. Large RV gate and 76'x13' RV parking slab. In the garage you'll find plenty of storage with cabinets and closet, plus an upgraded 50 amp sub panel! Energy efficient dual pane windows. Close to restaurants, shopping and the freeway! Come view today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Diamond Star

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Diamond Star

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10291981

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

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

$395,100$482,900$439,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,525
Property Tax -$299
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
-$48

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.

$439,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,725

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
  • $1,951

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7253$1,7504$1,750
$1,750
RENT COMPS ANALYSIS
  • 5451 E Dolphin Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,459 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,459 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3030 E Michelle Way Gilbert, AZ 2
    • 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,267 Sqft ∙ Built 2003
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.76
    •  
  • 1513 S Sinova -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2001
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 5360 E Carol Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
PROPERTY LISTING DETAILS
Kaydee Cranston
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206848
Last Updated: 03/13/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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