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7702 E Dover Street Mesa, AZ 85207

4 Beds 2 Baths 1,721 sqft Built 2001

$350,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $203.37
  • 2 Days on Market
  • MLS # : 6181876
  • Updated Date : 01/16/2021 at 04:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,721 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Welcome Home! Situated on an interior lot in the highly sought after area of Mesa, you will find this spectacular 4 bedroom / 2 bath. Open concept floor plan is perfect for entertaining. Large kitchen features new matte finished stainless steel appliances, glass top range, built-in microwave, french door refrigerator, lots of cabinetry/counter space, breakfast bar, new disposal, large wall pantry and casual dining with bay window to the backyard. Upgraded lighting fixtures and ceiling fans t/o. Newly installed upgraded ''wood-look'' tile wood flooring along with new interior paint. Nice size laundry room INCLUDES washer and dryer. Large split Master features vaulted ceiling and a bay window. Private en-suite has double sinks, tub/shower combo & spacious walk-in closet. An Entertainer's

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Adobe Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k278k

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

Neighborhood: Adobe Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181691

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,216
Property Tax -$219
Property Insurance -$61
HOA -$44
Property Management Fees -$99
CASH FLOW
$22

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.

$350,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.2%
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$0.0$5.0k$10k$15k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,660

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
  • $1,747

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5004$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 7702 E Dover Street Mesa, AZ 1
    • 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,721 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6650 E Barstow Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,460 Sqft ∙ Built 2003
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.02
    •  
  • 8747 E Fox Street Mesa, AZ 3
    • 3 beds 4 baths ∙ 1,586 Sqft ∙ Built 2000 3 beds 4 baths ∙ 1,586 Sqft ∙ Built 2000
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 7531 E Billings Street #145 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,633 Sqft ∙ Built 2020
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 8111 E Encanto Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Sue Hite
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181876
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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