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630 W Madero Avenue Mesa, AZ 85210

4 Beds 2 Baths 2,476 sqft Built 1994

$449,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $181.34
  • 4 Days on Market
  • MLS # : 6167390
  • Updated Date : 12/04/2020 at 11:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,476 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

A great opportunity, in the desirable Rancho Del Mar community, to own this 4-bedroom single-story home. This lovely home features an open floor plan, formal living and dining rooms with kitchen open onto family room with fireplace and tall ceilings. Large master bedroom with private master bath, opening onto outdoor covered patio and pool. A large grassy lawn with a sparkling diving pool. A low-maintenance desert landscape in front, and a 3-car garage. Tile throughout, BDR's carpeted and s/steel appliances in kitchen. Family-friendly community park just a short walk away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho del Mar

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k378k

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

Neighborhood: Rancho del Mar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Dobson High School High Regular 2,639 122 4

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

Dobson High School

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

$404,100$493,900$449,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,657
Property Tax -$233
Property Insurance -$75
Property Management Fees -$99
CASH FLOW
$36

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.

$449,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$35,673

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,266

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1003$2,1254$2,2005$2,595
$2,595
RENT COMPS ANALYSIS
  • 630 W Madero Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,476 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 557 W Monte Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 517 W Meseto Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,470 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,470 Sqft ∙ Built 1994
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.86
    •  
  • 844 W Obispo Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,341 Sqft ∙ Built 1984
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
  • 1355 W Lobo Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1978
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.98
    •  
PROPERTY LISTING DETAILS
Neil Stuckenberg
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167390
Last Updated: 12/04/2020
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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