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607 S Revolta Circle Mesa, AZ 85208

2 Beds 2 Baths 1,765 sqft Built 1972

INVESTimate

$254,900

List Price

$1,400

$1,260 - $1,540

Rent Est.

$274,910  ( +7.85%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1972
  • Price/Sqft : $144.42
  • 6 Days on Market
  • MLS # : 6120413
  • Updated Date : 08/25/2020 at 16:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,765 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy One

Listing Agent's Description

Investor opportunity awaits in this 2BR/2BA home, offering nearly 1,800 SF! 2-car garage and RV gate allow for extra parking & storage. Golf course community in an AMAZING location! Only 5 minutes from the US60 FWY! 5 minutes from Banner Baywood Hospital, Superstition Mall & Costco. 25 minutes from PHX Sky Harbor Airport!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$229,410$280,390$254,900

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$940
Property Tax -$159
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
$140

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.

$254,900

PROJECTED PRICE

$1,400

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$73,299

INVESTMENT

$73,299

Down Payment
$63,725
Rehab Estimate
$5,750
Closing Costs
$3,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$940

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $63,725
Loan Amount $191,175
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$34,046

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,416

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,3994$1,4005$1,500
$1,500
RENT COMPS ANALYSIS
  • 607 S Revolta Circle Mesa, 4
    • 2 beds 2 baths ∙ 1,765 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,765 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.79
    •  
  • 248 N 65th Place Mesa, 1
    • 2 beds 2 baths ∙ 1,601 Sqft ∙ Built 1980 2 beds 2 baths ∙ 1,601 Sqft ∙ Built 1980
    property image
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.84
    •  
  • 6238 E Butte Street Mesa, 2
    • 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971 2 beds 2 baths ∙ 1,780 Sqft ∙ Built 1971
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 6528 E Barstow Street Mesa, 3
    • 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,612 Sqft ∙ Built 1979
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.87
    •  
  • 195 Leisure World -- Mesa, 5
    • 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 1974 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 1974
    property image
    LEASED 03/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
PROPERTY LISTING DETAILS
Mark Captain
Keller Williams Legacy One
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120413
Last Updated: 08/25/2020
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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