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7560 E Keats Avenue Mesa, AZ 85209

3 Beds 2 Baths 2,272 sqft Built 1995

$450,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $198.06
  • 2 Days on Market
  • MLS # : 6160688
  • Updated Date : 11/14/2020 at 13:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,272 sqft
  • Baths : 2 full
Listing Agent

Corcoran Platinum Living

Listing Agent's Description

Hot on the market in Mesa! A beautiful 3 bedroom 2 bath single level home, with a double door entry den. And a 3 car garage!!! Featuring low maintenance landscaping and a freshly painted exterior block fence. Inside you will find vaulted ceilings, large dining and living areas, a cozy fireplace, and new neutral paint throughout. The gorgeous kitchen offers ample cabinetry with a walk in pantry, granite countertops, stainless steel appliances, and an island with breakfast bar. The master bedroom boasts a spacious walk-in closet and a full bath with double sinks, as well as separate tub and shower. Finally, the stunning backyard includes a covered patio, citrus trees, a sparkling heated pool, and a refreshing spa! This is the ONE! Schedule a showing 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,660
Property Tax -$272
Property Insurance -$71
HOA -$14
Property Management Fees -$99
CASH FLOW
-$296

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.

$450,000

PROJECTED PRICE

$1,820

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,033

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
  • $1,999

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,8754$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 7560 E Keats Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,272 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1741 S Clearview Avenue #74 Mesa, AZ 2
    • 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,096 Sqft ∙ Built 1993
    property image
    LEASED 11/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 7323 E Navarro Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1996
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.85
    •  
  • 1741 S Clearview Avenue #29 Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,096 Sqft ∙ Built 1994
    property image
    LEASED 10/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 7422 E Navarro Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1996
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jheri South
Corcoran Platinum Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160688
Last Updated: 11/14/2020
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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