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8102 E Madero Avenue Mesa, AZ 85209

2 Beds 2 Baths 1,265 sqft Built 1988

$279,000

List Price

$1,240

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $220.55
  • 11 Days on Market
  • MLS # : 6175656
  • Updated Date : 01/05/2021 at 23:59
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,265 sqft
  • Baths : 2 full
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Sunland Village East is an Active Adult(55+) enclave with golf, swimming, tennis, pickelball, sewing, billards, card rooms & more. Durable block construction. Energy saving N/S exposure.Large front & rear patios. Close to fwy(60+202), mall, shopping, lakes, Mesa Gateway airport, & Superstition Mountain hiking trails

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k277k

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

Neighborhood: Sunland Village East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Boulder Creek Elementary School Primary Regular 690 42 6
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 42
6
GreatSchools Rating

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,116$1,364$1,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,240
EXPENSES Loan Payment -$969
Property Tax -$168
Property Insurance -$52
HOA -$163
Property Management Fees -$99
CASH FLOW
-$211

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.

$279,000

PROJECTED PRICE

$1,240

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$2,597

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,240

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,293

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,240
1$1,2402$1,2953$1,3954$1,4005$1,485
$1,485
RENT COMPS ANALYSIS
  • 8102 E Madero Avenue Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,265 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,240
    • $0.98
    •  
  • 2064 S Farnsworth Drive #13 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,192 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,192 Sqft ∙ Built 1987
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.09
    •  
  • 2032 S Luther Avenue Mesa, AZ 3
    • 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003 2 beds 3 baths ∙ 1,566 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 2437 S Tulip Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,376 Sqft ∙ Built 1994 2 beds 2 baths ∙ 1,376 Sqft ∙ Built 1994
    LEASED 07/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 2055 S Luther -- Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,362 Sqft ∙ Built 2003
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,485
    • $1.09
    •  
PROPERTY LISTING DETAILS
Paul Pastore
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175656
Last Updated: 01/05/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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