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625 S Westwood -- #145 Mesa, AZ 85210

2 Beds 3 Baths 1,118 sqft Built 1987

$205,000

List Price

$1,130

$1K - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $183.36
  • 4 Days on Market
  • MLS # : 6211801
  • Updated Date : 03/26/2021 at 19:26
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,118 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dpr Realty Llc

Listing Agent's Description

2 bed, plus DEN and 2.5 bath! Two master bedrooms upstairs and den downstairs! Private front courtyard for relaxing and grilling! New tile downstairs! Brand new carpet and paint! Great location! Community pool! All appliances included. This will not last long show and sell!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Kleinman Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $68k271k

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

Neighborhood: Kleinman Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7181567

* 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
Rhodes Junior High School Middle Regular 985 52 4
Dobson High School High Regular 2,639 122 4

Rhodes Junior High School

  • Education Level: Middle
  • # of students: 985
  • # of teachers: 52
4
GreatSchools Rating

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$184,500$225,500$205,000

PURCHASE PRICE

$1,017$1,243$1,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,130
EXPENSES Loan Payment -$712
Property Tax -$106
Property Insurance -$49
HOA -$185
Property Management Fees -$99
CASH FLOW
-$21

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.

$205,000

PROJECTED PRICE

$1,130

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.4%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$60,075

INVESTMENT

$60,075

Down Payment
$51,250
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$712

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $51,250
Loan Amount $153,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$8,578

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,130

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,125

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,130
1$1,1302$1,2953$1,3004$1,450
$1,450
RENT COMPS ANALYSIS
  • 625 S Westwood -- #145 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,130
    • $1.01
    •  
  • 1051 S Dobson Road #62 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,289 Sqft ∙ Built 1974
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.00
    •  
  • 1052 S San Jose -- #5 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1974
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
  • 805 S Sycamore Street #224 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,393 Sqft ∙ Built 2001
    LEASED 02/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kamberly Stoltz
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211801
Last Updated: 03/26/2021
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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