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6625 E Presidio Street Mesa, AZ 85215

3 Beds 2 Baths 1,479 sqft Built 1994

$365,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $246.79
  • 4 Days on Market
  • MLS # : 6193083
  • Updated Date : 02/11/2021 at 22:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,479 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Wonderful 3 bedroom 2 bath 3 car garage home for sale in Mesa, AZ! If you've been looking for a single story home with 3 car garage on north south facing lot that's almost 8000 square feet in a beautiful NO HOA community, you've found it! This great room floorplan offers neutral colors throughout for any decor, vaulted ceilings with an open, bright and spacious feel and nice size eat-in kitchen with breakfast bar and bay window dining area that looks out to backyard. At the end of the day, relax in the roomy master bedroom suite with adjoining bath with his & hers sinks and a spacious walk-in closet. Newer AC, water heater and exterior paint! This beauty is a clean slate waiting for you to enjoy w tons of potential for customizing it any way you can imagine. Great location close to 202!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k318k

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,268
Property Tax -$189
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$32

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.

$365,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.43%

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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,679

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,5003$1,5804$1,7255$1,795
$1,795
RENT COMPS ANALYSIS
  • 6625 E Presidio Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,479 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.07
    •  
  • 6641 E Rollins Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 2003
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.03
    •  
  • 6730 E Preston Street #65 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,286 Sqft ∙ Built 1997
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.17
    •  
  • 6730 E Preston Street #19 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,499 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,499 Sqft ∙ Built 1997
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.15
    •  
  • 6718 E Rhodes Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,503 Sqft ∙ Built 1999
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.19
    •  
PROPERTY LISTING DETAILS
Cheryl Kirby
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193083
Last Updated: 02/11/2021
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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