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6325 E Halifax Street Mesa, AZ 85205

3 Beds 2 Baths 2,567 sqft Built 1975

$420,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $163.62
  • 6 Days on Market
  • MLS # : 6166181
  • Updated Date : 12/04/2020 at 11:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,567 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

BRING YOUR TOYS, AND IMAGINATION TO MESA! THIS GREAT HOME HAS PLENTY OF POTENTIAL, WITH NO HOA AND AN RV GATE FOR STORAGE, THIS LOT AND HOME IS WAITING FOR YOU! THE DIVING POOL W/SLIDE HAS A NEW DECK, WITH PLENTY OF ROOM TO ADD YOUR FOLIAGE, OR AN OUTDOOR COOKING AND ENTERTAINING PARIDISE! THE POOL EQUIPMENT IS 2 YRS OLD, AND THE TRAMPOLINE IS GOING IN THE GROUND AS WE SPEAK! A NEW 10 TON A/C UNIT WAS JUST PUT IN 2019, OWNED SOLAR PANELS MAKE THIS ENERGY EFFICIENT AS WELL.BRING YOUR CLIENTS OUT TO SEE THIS HOME!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Freedom Run

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

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

Neighborhood: Freedom Run

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Red Mountain High School High Regular 3,347 145 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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,550
Property Tax -$218
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
-$34

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.

$420,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
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$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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$28,712

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
  • $2,208

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7753$1,7994$2,550
$2,550
RENT COMPS ANALYSIS
  • 6325 E Halifax Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,567 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,567 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4906 E Brown Road #20 Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,299 Sqft ∙ Built 1994
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.77
    •  
  • 2329 N Recker Road #39 Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 1995
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.72
    •  
  • 6638 E Melrose Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,350 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $1.09
    •  
PROPERTY LISTING DETAILS
Chris Baker
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166181
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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