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6124 E Ingram Street Mesa, AZ 85205

4 Beds 3 Baths 2,205 sqft Built 1987

$379,400

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $172.06
  • 4 Days on Market
  • MLS # : 6192918
  • Updated Date : 02/11/2021 at 18:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Housing Professionals

Listing Agent's Description

*NO HOA* Beautiful, recently remodeled multi-level family home with 4 bedrooms plus den and 3 bathrooms. Fresh interior paint and brand new carpet. Quartz counter-tops for kitchen and all the bathrooms, and new stainless steel appliances were installed in 2019. Upper level features a great family room, kitchen/dinning, and another big TV/bonus family room in the basement for entertainment. 4 bedrooms and 1 additional room for office or easily convert to another bedroom. Covered back patio deck opens up to a spacious north facing backyard with storage/shed with play/tree-house. Centrally located in NE Mesa with great Freeway Access to the Red Mountain 202 & I-60.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k271k

* 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
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
 

$341,460$417,340$379,400

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,318
Property Tax -$197
Property Insurance -$70
Property Management Fees -$99
CASH FLOW
$56

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.

$379,400

PROJECTED PRICE

$1,740

PROJECTED RENT

0.46%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,291

INVESTMENT

$106,291

Down Payment
$94,850
Rehab Estimate
$5,750
Closing Costs
$5,691

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,318

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,850
Loan Amount $284,550
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$28,683

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7404$1,7505$2,100
$2,100
RENT COMPS ANALYSIS
  • 6124 E Ingram Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.79
    •  
  • 6248 E Encanto Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,032 Sqft ∙ Built 1986
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.79
    •  
  • 1348 N 64th Place Mesa, AZ 2
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 5865 E Jasmine Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 1848 N 67th Street Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Miwa Matsushita
The Housing Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192918
Last Updated: 02/11/2021
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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