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717 S Pima -- Mesa, AZ 85210

3 Beds 1 Baths 1,123 sqft Built 1955

$274,900

List Price

$1,060

$954 - $1.2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $244.79
  • 2 Days on Market
  • MLS # : 6187779
  • Updated Date : 01/30/2021 at 14:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,123 sqft
  • Baths : 1 full
Listing Agent

Gary Call Real Estate

Listing Agent's Description

WOW, All This for Under $275K! Beautifully Updated Home Finished to Perfection w/the Latest Designer Finishes * 3 Bedrooms PLUS Den * NEW Gourmet Stainless Steel Kitchen w/White Shaker Cabinetry * Subway Tile Backsplash * Stainless Appliances w/Gas Range * Premium Granite Countertops * Single Bowl Stainless Sink * New 6 1/4'' Decorative Baseboard * Fresh Interior Paint in Warm Grey Tones * Crown Molding in Living Area * Wood-Plank Tile * New Plush Carpeting in Bedrooms * 100% Updated Bathroom * New Bronze Door Hardware, Lights & Fans * Fresh Exterior Paint * Large Storage Shed/Workshop * New Roof * New Vinyl Low-E Windows * NO HOA...Bring Your Toys * Beautifully Landscaped Front Yard w/Water Efficient Artificial Grass * 100% Move-in Ready * Come See it Today Before It's Gone!

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
Kino Junior High School Middle Regular 1,020 49 3
Mesa High School High Regular 3,406 155 4

Kino Junior High School

  • Education Level: Middle
  • # of students: 1,020
  • # of teachers: 49
3
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$247,410$302,390$274,900

PURCHASE PRICE

$954$1,166$1,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,060
EXPENSES Loan Payment -$955
Property Tax -$143
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
-$186

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.

$274,900

PROJECTED PRICE

$1,060

PROJECTED RENT

0.39%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,599

INVESTMENT

$78,599

Down Payment
$68,725
Rehab Estimate
$5,750
Closing Costs
$4,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,725
Loan Amount $206,175
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$4,388

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
  • $1,157

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,395
$1,395
RENT COMPS ANALYSIS
  • 717 S Pima -- Mesa, AZ 1
    • 3 beds 1 baths ∙ 1,123 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,123 Sqft ∙ Built 1955
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 315 E 7th Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1950 3 beds 2 baths ∙ 1,269 Sqft ∙ Built 1950
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.02
    •  
  • 641 N Lesueur Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,339 Sqft ∙ Built 1968
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kerri Rockwell
Gary Call Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187779
Last Updated: 01/30/2021
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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