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7642 E Hermosa Vista Drive Mesa, AZ 85207

4 Beds 3 Baths 2,358 sqft Built 1973

$490,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1973
  • Price/Sqft : $207.80
  • 2 Days on Market
  • MLS # : 6160503
  • Updated Date : 11/13/2020 at 19:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,358 sqft
  • Baths : 3 full
Listing Agent

Dave Johnson Realty

Listing Agent's Description

Beautifully remodeled 4 bedroom, 3 bath home on a huge 21,436 sq. ft lot with NO HOA. Interior remodeled in 2018. Wood look tile throughout kitchen and common areas. Kitchen features gorgeous shaker cabinets with large contrasting island, granite counters and subway tile backsplash. Master bedroom is split from other bedrooms and features a stunning full bath with massive walk-in dual shower, soaker tub and walk-in closet. One of the guest bedrooms has it's own private bathroom and entrance. All bathrooms updated in 2018. Bonus room off the garage perfect for a home office or refrigerated storage. Both A/C units replaced in 2020 with York brand units. Huge back yard has sprinkler system for grass.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Valley View

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Fremont Junior High School High Regular 976 48 7

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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$441,000$539,000$490,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,808
Property Tax -$257
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$377

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$490,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 9.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$1.6M

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,600

INVESTMENT

$135,600

Down Payment
$122,500
Rehab Estimate
$5,750
Closing Costs
$7,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,500
Loan Amount $367,500
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$7,075

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
  • $2,091

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$1,9954$2,100
$2,100
RENT COMPS ANALYSIS
  • 7642 E Hermosa Vista Drive Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,358 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1010 N Gila Verde Street Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,354 Sqft ∙ Built 1990
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 6548 E Virginia Street Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1993
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 1848 N 67th Street Mesa, AZ 4
    • 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986 5 beds 3 baths ∙ 2,170 Sqft ∙ Built 1986
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
James Miller
Dave Johnson Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160503
Last Updated: 11/13/2020
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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