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7341 E Glencove Street Mesa, AZ 85207

4 Beds 3 Baths 2,264 sqft Built 1986

$430,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $189.93
  • 2 Days on Market
  • MLS # : 6179006
  • Updated Date : 01/09/2021 at 08:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,264 sqft
  • Baths : 3 full
Listing Agent

Saguaro Desert Realty

Listing Agent's Description

HARD TO FIND BASEMENT HOME, WITH SPARKLY BLUE POOL FRESHLY REMODELED, ENERGY EFFICIENT WINDOWS, HUGE BACKYARD, 2 COVER PATIOS, PERFECT FOR ENTERTAINMENT, WOOD BURNING FIRE PLACE, GRANITE COUNTER TOPS, 4 BEDROOMS 3 BATHS, NEW A/C, 2 RV GATES, NO HOA!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 7

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$387,000$473,000$430,000

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 -$1,494
Property Tax -$223
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
$43

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.

$430,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.45%

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$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$30,775

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
  • $1,902

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7254$1,9005$1,950
$1,950
RENT COMPS ANALYSIS
  • 7341 E Glencove Street Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,264 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1348 N 64th Place Mesa, AZ 2
    • 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,952 Sqft ∙ Built 1987
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 7250 E Gary Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,189 Sqft ∙ Built 1986
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.79
    •  
  • 1010 N Gila Verde Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990
    property image
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 7260 E June Street Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,145 Sqft ∙ Built 1993
    property image
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
PROPERTY LISTING DETAILS
Sonia James
Saguaro Desert Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179006
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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