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8132 E 3rd Avenue Mesa, AZ 85208

3 Beds 2 Baths 1,318 sqft Built 1940

$169,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
FACTS
  • Single Family
  • Built In 1940
  • Price/Sqft : $128.22
  • 12 Days on Market
  • MLS # : 6164956
  • Updated Date : 12/02/2020 at 15:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,318 sqft
  • Baths : 2 full
Listing Agent

Presidential Realty, Llc

Listing Agent's Description

Great investment opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Reynolds Acres

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Reynolds Acres

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7791567

* 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
 

$152,100$185,900$169,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$624
Property Tax -$100
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$345

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.

$169,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.72%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,535

INVESTMENT

$50,535

Down Payment
$42,250
Rehab Estimate
$5,750
Closing Costs
$2,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$624

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,250
Loan Amount $126,750
See What Happens When You Reinvest Cash Flow

14.58

YEARS SAVED

$47,221

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
  • $1,443

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9953$1,675
$1,675
RENT COMPS ANALYSIS
  • 8132 E 3rd Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1940 3 beds 2 baths ∙ 1,318 Sqft ∙ Built 1940
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9419 E Sleepy Hollow Road #a Mesa, AZ 2
    • 3 beds 1 baths ∙ 1,004 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,004 Sqft ∙ Built 1950
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.99
    •  
  • 8122 E 3rd Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1957 4 beds 2 baths ∙ 1,400 Sqft ∙ Built 1957
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.20
    •  
PROPERTY LISTING DETAILS
Ryan Jones
Presidential Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164956
Last Updated: 12/02/2020
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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