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7904 E Hampton Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,507 sqft Built 2003

$310,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $205.71
  • 4 Days on Market
  • MLS # : 6166963
  • Updated Date : 12/04/2020 at 11:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,507 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Breathtaking single level property in desirable Mesa is a dream come true. Near freeway access, shopping, schools, and dining. You will absolutely love this home's great curb appeal and easy care gravel landscaping. Step inside to discover a bright open concept interior offering so much natural light, vaulted ceilings, 3 bed, 2 bath, w/a den and designer paint. Come practice your cooking skills and become the best home chef with this impressive eat-in kitchen complete with high-end appliances, pot-rack, track lighting, and much more. Inside this colorful master bedroom, you will find a generous walk-in closet and spotless ensuite bathroom. The grassy backyard with a covered patio gives you lots of privacy to enjoy your gatherings. Newly painted Exterior, & no HOA, come take a look.

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
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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,144
Property Tax -$194
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$23

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.

$310,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.47%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,4703$1,4954$1,6005$1,695
$1,695
RENT COMPS ANALYSIS
  • 7904 E Hampton Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,507 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.98
    •  
  • 1355 S 80th Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,358 Sqft ∙ Built 2003
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $1.06
    •  
  • 7903 E Harmony Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,424 Sqft ∙ Built 2003
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.05
    •  
  • 7726 E Baseline Road #248 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.04
    •  
  • 8251 E Inverness Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,605 Sqft ∙ Built 2020
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.06
    •  
PROPERTY LISTING DETAILS
Becky Blair
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166963
Last Updated: 12/04/2020
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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