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7520 E Medina Avenue Mesa, AZ 85209

3 Beds 3 Baths 1,544 sqft Built 1995

$320,000

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $207.25
  • 3 Days on Market
  • MLS # : 6161298
  • Updated Date : 11/20/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Showings begin 5pm on Friday 11/20/2020. Offers will be reviewed on Monday evening 11/23/2020.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Superstition Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k287k

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

Neighborhood: Superstition Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181588

* 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
Superstition Springs Elementary School Primary Regular 657 40 7
Highland Jr High School Middle Regular 1,269 59 8
Desert Ridge High School High Regular 2,752 119 6

Superstition Springs Elementary School

  • Education Level: Primary
  • # of students: 657
  • # of teachers: 40
7
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,181
Property Tax -$193
Property Insurance -$57
HOA -$13
Property Management Fees -$99
CASH FLOW
-$103

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.

$320,000

PROJECTED PRICE

$1,440

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,676

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,440

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,440
1$1,4402$1,6253$1,6754$1,7345$1,750
$1,750
RENT COMPS ANALYSIS
  • 7520 E Medina Avenue Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,544 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,440
    • $0.93
    •  
  • 7118 E Meseto Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1994
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.04
    •  
  • 7160 E Lindner Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1995
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.00
    •  
  • 7344 E Medina Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1995
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,734
    • $1.01
    •  
  • 7355 E Laguna Azul Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1994
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Dana Bentley Black
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161298
Last Updated: 11/20/2020
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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