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549 E Hilton Avenue Mesa, AZ 85204

5 Beds 3 Baths 1,638 sqft Built 1971

$339,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $207.51
  • 4 Days on Market
  • MLS # : 6154467
  • Updated Date : 11/02/2020 at 17:20
CONSTRUCTION
  • Beds : 5
  • Floor Size : 1,638 sqft
  • Baths : 3 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

REMODELED! This home has more upgrades/updates than space permits! 5 TRUE BEDROOMS & 3 BATHS! 2 MASTERS! NEW PEBBLE TECH DIVING POOL & EQUIP W/ PAVERS, TURF & BLOCK FENCE IN BACK W/ MATCHING RV GATE FOR PRIVATE ALLEY & SIDE YARD ENTRY. HOME BACKS TO ALLEY & RETENTION AREA, SO NO NEIGHBORS BEHIND. 2 PLUMBED GAS LINES FOR BBQ GRILL. UPDATED & UPGRADED BATHS & KITCHEN FEATURING GRANITE COUNTERTOPS, NEW VANITIES, TILE IN SHOWERS, BUILT IN NICHES, FIXTURES, ETC. LARGE PANTRY, EXTENDED PATIO W/ FANS & BEAUTIFUL DECORATIVE CEILING. NEW ELECTRICAL & PANEL, NEW PLUMBING, NEW ROOF, NEW DUAL PANE WINDOWS & PATIO DOOR, NEW HVAC & DUCTING, NEW STUCCO, 2 CAR GARAGE & 4 CAR SLAB. NEW ROOFING GUTTERS THAT LEAD OUT TO ALLEY. N/S EXPOSURE. RECESSED LIGHTING, NO POPCORN CEILINGS.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,254
Property Tax -$176
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$149

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.

$339,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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-$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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,049

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,440

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,523

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,4953$1,5254$1,550
$1,550
RENT COMPS ANALYSIS
  • 549 E Hilton Avenue Mesa, AZ 1
    • 5 beds 3 baths ∙ 1,638 Sqft ∙ Built 1971 5 beds 3 baths ∙ 1,638 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.88
    •  
  • 1559 E Flower Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1976
    property image
    LEASED 09/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 844 E 10th Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,788 Sqft ∙ Built 1978
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.85
    •  
  • 536 E Harmony Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,548 Sqft ∙ Built 1971
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
PROPERTY LISTING DETAILS
Kriste Melcher
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154467
Last Updated: 11/02/2020
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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