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6321 E Evergreen Street Mesa, AZ 85205

2 Beds 2 Baths 1,659 sqft Built 1972

$284,900

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $171.73
  • 2 Days on Market
  • MLS # : 6174571
  • Updated Date : 12/26/2020 at 02:31
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,659 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

DREAMLAND VILLA BEAUTY * COMPLETELY REMODELED IN 2017 * RAISED CEILING * 2BR 2BA 2CG * OVER 1,650sf * HUGE WORKSHOP/LAUNDRY * SEP LIVING & FAMILY ROOMS * GLEAMING LAMINATE FLOORS * SPACIOUS EAT-IN KITCHEN BOASTS SOFT-CLOSE 42in GREY SHAKER CABINETRY * PENINSULA ISLAND * PENDANT LIGHTING * QUARTZ COUNTERS * S/S APPLIANCES * MASTER EN-SUITE BATH W/ SLIDING DOOR EXIT TO PRIVATE PATIO * HVAC 2019 incl ADDED INSULATION & NEWER DUCTWORK * PAID SOLAR PANELS installed 2019 * NEW FRONT DOOR W/LEADED GLASS WINDOW & SIDE LIGHT PANEL 2019 * NEW ARCADIA DOORS 2019 * FAMILY ROOM BOASTS BRAND NEW DOUBLE BARN DOORS OPEN TO WET BAR CABINET & EXIT TO COVERED BACK PATIO * FULL BLOCK FENCE SURROUNDS LOW MAINTENANCE BACKYARD WITH EXTENDED PATIO PAVERS * DO NOT MISS THIS SHARP REMODELED HOME * SEE IT TODAY!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dreamland Villa

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Dreamland Villa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7941567

* 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
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,051
Property Tax -$148
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
$72

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.

$284,900

PROJECTED PRICE

$1,430

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.1%
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$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$28,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,576

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3003$1,4504$1,5355$1,699
$1,699
RENT COMPS ANALYSIS
  • 6321 E Evergreen Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,659 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6559 E Dallas Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1974 3 beds 3 baths ∙ 1,522 Sqft ∙ Built 1974
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.85
    •  
  • 5704 E Fairbrook Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1988
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 6307 E Covina Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,468 Sqft ∙ Built 1988
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $1.05
    •  
  • 6309 E Ivyglen Street Mesa, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
W. Russell Shaw
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174571
Last Updated: 12/26/2020
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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