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7924 E Caballero Street Mesa, AZ 85207

3 Beds 2 Baths 1,428 sqft Built 1997

$314,900

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $220.52
  • 3 Days on Market
  • MLS # : 6189511
  • Updated Date : 02/05/2021 at 20:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

72 Home Sale - Inquire immediately to bid now! Come see this amazing property without the cost or hassle of an HOA. Former model home from when it was built in 1997. Literally one of the most functional spacious floor plans every designed. Vaulted ceilings and spacious living area. Eat in Kitchen with lots of cabinets. Large Pantry and oversized laundry room with entrance to the 2 car garage. NEW Carrier A/C within last 3 years with 10 year warranty. Seller is the original owner of the home and it was never smoked in and home also never had pets. Home has been well maintained and is the heart of north east mesa with easy access to shopping, restaurants, and only minutes away from either the US60 or 202. Priced fairly and accurately. Elderly relocation closer to family forces sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$283,410$346,390$314,900

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,094
Property Tax -$197
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$15

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.

$314,900

PROJECTED PRICE

$1,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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-$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$89,199

INVESTMENT

$89,199

Down Payment
$78,725
Rehab Estimate
$5,750
Closing Costs
$4,724

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,725
Loan Amount $236,175
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$20,551

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,557

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,3253$1,4604$1,4905$1,599
$1,599
RENT COMPS ANALYSIS
  • 7924 E Caballero Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.02
    •  
  • 142 N 86th Place Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 2000
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 536 N 82nd Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1993
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $1.00
    •  
  • 8802 E University Drive #88 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.10
    •  
  • 8064 E Fox Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,397 Sqft ∙ Built 1993
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.14
    •  
PROPERTY LISTING DETAILS
John Hrimnak
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189511
Last Updated: 02/05/2021
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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