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7563 E Laguna Azul Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,225 sqft Built 1994

$346,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $282.45
  • 7 Days on Market
  • MLS # : 6179692
  • Updated Date : 01/16/2021 at 20:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,225 sqft
  • Baths : 2 full
Listing Agent

Opendoor Brokerage, Llc

Listing Agent's Description

This Mesa one-story corner home offers a two-car garage. This home is vacant and cleaned regularly.

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
 

$311,400$380,600$346,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,202
Property Tax -$209
Property Insurance -$51
HOA -$13
Property Management Fees -$99
CASH FLOW
-$184

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.

$346,000

PROJECTED PRICE

$1,390

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

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$97,440

INVESTMENT

$97,440

Down Payment
$86,500
Rehab Estimate
$5,750
Closing Costs
$5,190

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,202

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,500
Loan Amount $259,500
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$8,070

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,274

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,5003$1,5504$1,6005$1,625
$1,625
RENT COMPS ANALYSIS
  • 7563 E Laguna Azul Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,225 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.13
    •  
  • 2463 S Avoca Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,402 Sqft ∙ Built 1994
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 7017 E Kessler Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 2000
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 7516 E Lobo Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,544 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,544 Sqft ∙ Built 1995
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 7118 E Meseto Avenue Mesa, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Lisa Soltesz
Opendoor Brokerage, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179692
Last Updated: 01/16/2021
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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