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721 S Glenview -- Mesa, AZ 85204

5 Beds 3 Baths 2,419 sqft Built 1989

$425,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $175.69
  • 4 Days on Market
  • MLS # : 6211903
  • Updated Date : 03/25/2021 at 15:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,419 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Stunning with plenty of character and located in the heart of Mesa, this spacious two-story sits on a larger, corner lot with 5 bedrooms, RV gate and a splash pad. Attractive curb appeal with arched entry to the front patio, wooden door and stained glass.The dramatic entry with soaring ceilings and plant shelves, arched doorways and wood flooring is warm and inviting. The first floor offers a formal living room, formal dining room, eat-in kitchen, laundry room and over-sized family room. The kitchen is spacious and bright with fresh white cabinets, granite counters, brushed nickel hardware, stainless appliances, large pantry and large window allowing plenty of natural light.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Parkview Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Parkview Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10342030

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

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

$382,500$467,500$425,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,476
Property Tax -$221
Property Insurance -$74
Property Management Fees -$99
CASH FLOW
$60

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.

$425,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$30,040

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,189

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9303$2,1004$2,1005$2,495
$2,495
RENT COMPS ANALYSIS
  • 721 S Glenview -- Mesa, AZ 2
    • 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,419 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.80
    •  
  • 662 S 26th Street Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 3261 E Irwin Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,246 Sqft ∙ Built 1999
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.93
    •  
  • 2624 E Dragoon Avenue Mesa, AZ 4
    • 5 beds 3 baths ∙ 2,371 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,371 Sqft ∙ Built 1988
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.89
    •  
  • 3829 E Dewberry Avenue Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,753 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,753 Sqft ∙ Built 1986
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.91
    •  
PROPERTY LISTING DETAILS
Katie Lambert
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211903
Last Updated: 03/25/2021
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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