Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

6210 E Evergreen Street Mesa, AZ 85205

4 Beds 3 Baths 1,927 sqft Built 1993

$409,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1993
  • Price/Sqft : $212.71
  • 2 Days on Market
  • MLS # : 6157653
  • Updated Date : 11/07/2020 at 13:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,927 sqft
  • Baths : 3 full
Listing Agent

Opportunity 2 Own Real Estate

Listing Agent's Description

Location is everything!! This home is close to the freeway, shopping, schools, parks, golf courses and in a great neighborhood. Recently updated with fresh paint and new carpet, landscaping and all clean and ready to go for a new owner/family! This home will not last long so call today for your own personal tour!

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
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
 

$368,910$450,890$409,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,512
Property Tax -$213
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$209

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.

$409,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.41%

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-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,374

INVESTMENT

$114,374

Down Payment
$102,475
Rehab Estimate
$5,750
Closing Costs
$6,149

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,512

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,475
Loan Amount $307,425
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$13,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6803$1,6994$1,8005$1,975
$1,975
RENT COMPS ANALYSIS
  • 6210 E Evergreen Street Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,927 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.87
    •  
  • 1348 N 64th Place Mesa, AZ 1
    • 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
    •  
  • 6309 E Ivyglen Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1990
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.93
    •  
  • 6348 E Fairfield Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 1986
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 5449 E Elmwood Street Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,110 Sqft ∙ Built 1988
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jeanie Teyechea
Opportunity 2 Own Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157653
Last Updated: 11/07/2020
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.

BESbswy