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739 N Kristen Street Mesa, AZ 85213

4 Beds 2 Baths 1,854 sqft Built 1985

$380,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $204.96
  • 5 Days on Market
  • MLS # : 6175491
  • Updated Date : 12/30/2020 at 09:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,854 sqft
  • Baths : 2 full
Listing Agent

Libertas Real Estate

Listing Agent's Description

Home Sweet Home! Newly updated residence in the sought-after, friendly Community of Lindsay Park North. This immaculate home with 1,854 square feet boasts 4 bedrooms 2 baths. Fantastic layout that opens up from the kitchen into the family room with fireplace. New flooring and designer paint throughout. New exterior paint and stucco. Excellent natural light with vaulted ceilings. Close proximity to schools, shops, restaurants, parks and freeways. RV Gate and parking. NO HOA. No sign on property.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k329k

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,402
Property Tax -$197
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$82

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.

$380,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.44%

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$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,365

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,680
1$1,6802$1,6953$1,7994$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 739 N Kristen Street Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,854 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 907 N Winthrop Circle Mesa, AZ 2
    • 5 beds 2 baths ∙ 1,865 Sqft ∙ Built 1988 5 beds 2 baths ∙ 1,865 Sqft ∙ Built 1988
    property image
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.91
    •  
  • 2848 E Brown Road #27 Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1985
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.05
    •  
  • 807 N Winthrop Circle Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,993 Sqft ∙ Built 1999
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 2242 E Contessa Circle Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,948 Sqft ∙ Built 1971
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Janet Marie Bennett
Libertas Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175491
Last Updated: 12/30/2020
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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