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7862 E Hampton Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,884 sqft Built 2003

$370,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $196.39
  • 3 Days on Market
  • MLS # : 6199260
  • Updated Date : 03/05/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Delex Realty

Listing Agent's Description

Fantastic 3bed/2bath home available in a Mesa with easy access to the 60, 202, shopping, dining, golf and so much more. NOA HOA, RV Gate. This gem features great desert curb appeal leading into the must-see interior. The flowing floorplan offers formal living/dining and a spacious open concept family room enhanced by a charming fireplace and high ceilings with large windows for an abundance of natural light. Eat-in kitchen with bay window boasts granite countertops, a plethora of cabinetry and a large center island with breakfast bar seating, making it ideal for gathering with friends and family. Beautiful master retreat with wood-look flooring includes en suite with dual sinks, soaking tub and separate shower.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Harmony

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: Desert Harmony

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8601567

* 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
Fremont Junior High School Middle Regular 976 48 7
Skyline High School High Regular 2,567 121 5

Fremont Junior High School

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,285
Property Tax -$231
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$81

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.

$370,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$29,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,760
1$1,7602$1,7753$1,8954$1,9955$1,995
$1,995
RENT COMPS ANALYSIS
  • 7862 E Hampton Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.93
    •  
  • 1154 S Avoca -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2018
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.04
    •  
  • 8220 E Juanita Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,801 Sqft ∙ Built 2020
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.05
    •  
  • 1662 S 82nd Place Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,050 Sqft ∙ Built 2020
    property image
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.97
    •  
  • 1722 S 82nd Way Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,956 Sqft ∙ Built 2020
    property image
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
PROPERTY LISTING DETAILS
Shamra Harrison
Delex Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199260
Last Updated: 03/05/2021
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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