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5727 E Des Moines Street Mesa, AZ 85205

2 Beds 2 Baths 1,749 sqft Built 1969

$319,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $182.39
  • 3 Days on Market
  • MLS # : 6199527
  • Updated Date : 02/26/2021 at 12:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,749 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Imagine coming home to this beautiful 2bd, 2ba, highly upgraded home located in the sought out neighborhood of Dreamland Villa. This home has been customized with an extra large Master and walk-in shower. Beautiful great room with an addition that can be used as a family room/game room, beautiful built-in cabinetry. Updated kitchen with 2 year new appliances, an extra workshop/hobby room with A/C not included in sq footage, an Arizona Room and a Beautiful backyard with mature fruit trees. Plantation Shutters throughout. This 55+ community has all the amenities you could ask for, and is optional.Too many upgrades to mention. Come see for yourself.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dreamland Villa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Dreamland Villa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$1,108
Property Tax -$188
Property Insurance -$61
Property Management Fees -$99
CASH FLOW
-$76

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.

$319,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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-$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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,074

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
  • $1,478

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,4004$1,4005$1,410
$1,410
RENT COMPS ANALYSIS
  • 5727 E Des Moines Street Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,749 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,749 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6238 E Butte Street Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 864 N 64th Street Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,608 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,608 Sqft ∙ Built 1972
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 5522 E Colby Street Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,543 Sqft ∙ Built 1971
    LEASED 02/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 6011 E Ensenada Street Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,680 Sqft ∙ Built 1972
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $0.84
    •  
PROPERTY LISTING DETAILS
Barbara Lanning
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199527
Last Updated: 02/26/2021
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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