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644 W Pantera Avenue Mesa, AZ 85210

3 Beds 2 Baths 1,596 sqft Built 1979

$325,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $203.63
  • 3 Days on Market
  • MLS # : 6209431
  • Updated Date : 03/19/2021 at 17:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,596 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

This 3 bed 2 bath is a must see. You will find 3 nicely sized bedrooms, a functional floorplan, and an additional office/den space. Good-sized backyard along with a 2-car garage and the home has recently seen a fresh interior painting and has a NEWER ROOF. Easy access to the Loop 101 and 60 freeways, and ready to make your own. Easy to show, do not miss out.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,129
Property Tax -$169
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$35

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.

$325,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$22,862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4903$1,5504$1,6005$1,850
$1,850
RENT COMPS ANALYSIS
  • 644 W Pantera Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,596 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.93
    •  
  • 639 W Portobello Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,428 Sqft ∙ Built 1979
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
  • 665 W Plata Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,459 Sqft ∙ Built 1979
    LEASED 03/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.06
    •  
  • 947 W Osage Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,641 Sqft ∙ Built 1984
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
  • 703 W Marlboro Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,747 Sqft ∙ Built 1985
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.06
    •  
PROPERTY LISTING DETAILS
Vincent P Shook
Redfin Corporation
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209431
Last Updated: 03/19/2021
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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