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5854 E Des Moines Street Mesa, AZ 85205

2 Beds 2 Baths 1,443 sqft Built 1970

$235,000

List Price

$1,230

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $162.86
  • 4 Days on Market
  • MLS # : 6186841
  • Updated Date : 02/12/2021 at 23:54
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,443 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty Biltmore Partners

Listing Agent's Description

Dreamland Villas active 55+ community- where retirement dreams come true! Clean and move-in ready home with 2 bedrooms and 2 baths. Fresh new carpet! Refreshing citrus trees in the back. Extra storage space in utility room & lovely Arizona sun room off back porch overlooking the backyard. Quiet and peaceful location in the community. This property is perfectly situated in Mesa Close to the US 60 & 202 Freeways, with optional membership to the Dreamland Villa Recreation Center which offers: 2 Heated Pool/Spa, Community Center, Shuffle Board, Tennis Courts, Library, Workout Room & Media Room and more.

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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,107$1,353$1,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,230
EXPENSES Loan Payment -$816
Property Tax -$138
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$121

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

$1,230

PROJECTED RENT

0.52%

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

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$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$25,140

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,230

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,393

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,230
1$1,2302$1,3753$1,3954$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 5854 E Des Moines Street Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,443 Sqft ∙ Built 1970 2 beds 2 baths ∙ 1,443 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,230
    • $0.85
    •  
  • 1235 N Sunnyvale Street #86 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,401 Sqft ∙ Built 1986
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.98
    •  
  • 5350 E Des Moines Street Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 1966 2 beds 2 baths ∙ 1,271 Sqft ∙ Built 1966
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.10
    •  
  • 864 N 64th Street Mesa, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jeffry Edward Klein
Keller Williams Realty Biltmore Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186841
Last Updated: 02/12/2021
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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