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7554 E Navarro Avenue Mesa, AZ 85209

4 Beds 3 Baths 1,544 sqft Built 1996

$385,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $249.35
  • 3 Days on Market
  • MLS # : 6183108
  • Updated Date : 01/22/2021 at 19:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

North & Co

Listing Agent's Description

Welcome to this magnificent 4 bedroom 2.5 bathroom home! TONS OF UPGRADES! Owned solar system, putting green, artificial turf front and back, temperature controlled mini split A/C units in all 3 upstairs bedrooms, and gorgeous kitchen and bathrooms! The downstairs bedroom has beautiful french doors and would make for a perfect home office. Enjoy the updated paint throughout and the white quartz and brushed nickel finishes. Come see this home today!

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
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,337
Property Tax -$232
Property Insurance -$57
HOA -$13
Property Management Fees -$99
CASH FLOW
-$199

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.

$385,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.40%

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$1.2M

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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$9,206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,598

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,6253$1,6754$1,7345$1,750
$1,750
RENT COMPS ANALYSIS
  • 7554 E Navarro Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,544 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.00
    •  
  • 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
Reid Simpson
North & Co
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183108
Last Updated: 01/22/2021
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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