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6528 E Mclellan Road Mesa, AZ 85205

3 Beds 2 Baths 1,486 sqft Built 1987

$369,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $248.32
  • 2 Days on Market
  • MLS # : 6194067
  • Updated Date : 02/13/2021 at 18:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,486 sqft
  • Baths : 2 full
Listing Agent

Transcity Property Management

Listing Agent's Description

Super cute 3 bedroom, 2 bath 1486 sq.ft pool home in NE Mesa. Kitchen has granite counter tops and SS appliances, with eat in dining area. Convenient laundry located off kitchen. Living room, master have vaulted ceilings.Master is good sized with ensuite. Granite counter tops, dual sinks, walk in closet with private toilet. Master has sliding glass doors to the back patio Split floor plan, the 2 additional bedrooms share a bathroom on the opposite side of the house. Nice pool and spa in back yard. Spa needs to be resurfaced, RV access and NO HOA!! One of the sellers is a AZ real estate licenseeBuyers to cooperate with seller's 1031 at no additional cost to buyers W/D included Master shower to be regrouted and sealed on Tuesday 2/16Propane tanks in back yard do not convey

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k271k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

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

$332,100$405,900$369,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,282
Property Tax -$191
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$178

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.

$369,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,4503$1,4954$1,5255$1,550
$1,550
RENT COMPS ANALYSIS
  • 6528 E Mclellan Road Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,486 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.98
    •  
  • 1055 N Recker Road #1279 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1986
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.08
    •  
  • 1712 N 64th Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,363 Sqft ∙ Built 1985
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.10
    •  
  • 6335 E Brown Road #1108 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,501 Sqft ∙ Built 1994
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.02
    •  
  • 1738 N Pinnule -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1986
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.97
    •  
PROPERTY LISTING DETAILS
Colleen Shearer
Transcity Property Management
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6194067
Last Updated: 02/13/2021
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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