Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

815 S Clearview Avenue Mesa, AZ 85208

2 Beds 2 Baths 2,245 sqft Built 1973

INVESTimate

$395,800

List Price

$1,750

$1,575 - $1,925

Rent Est.

$426,870  ( +7.85%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1973
  • Price/Sqft : $176.30
  • 9 Days on Market
  • MLS # : 6119209
  • Updated Date : 08/18/2020 at 17:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 2,245 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This lovely home is located on a quiet street with stunning views of the Arizona Golf Course and the Superstition Mountains. Home is easily converted back to the original 3 bdrm with minimal construction. Floorplan includes extensive entertaining space with great room concept and separate living room with grand fireplace. Lovely remodeled kitchen with grey shaker cabinets and wood plank tile flooring. Large windows throughout the home with automated roll-a-shields for privacy and sunscreens for efficiency. Incredible outdoor space includes diving pool with fountains and fossil stone paver patio area with automated awning for patio cover or pool cover, whichever is needed! Separate fenced area for citrus orchard or garden area. Large 3 car garage. This home won't last ...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $101k271k

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

Neighborhood: Golden Hills

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
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
 

$356,220$435,380$395,800

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,460
Property Tax -$247
Property Insurance -$71
Property Management Fees -$99
CASH FLOW
-$128

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.

$395,800

PROJECTED PRICE

$1,750

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.85%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,637

INVESTMENT

$110,637

Down Payment
$98,950
Rehab Estimate
$5,750
Closing Costs
$5,937

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,460

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,950
Loan Amount $296,850
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,062

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
  • $1,751

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,650
$1,650
RENT COMPS ANALYSIS
  • 815 S Clearview Avenue Mesa, 1
    • 2 beds 2 baths ∙ 2,245 Sqft ∙ Built 1973 2 beds 2 baths ∙ 2,245 Sqft ∙ Built 1973
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 195 Leisure World -- Mesa, 2
    • 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 1974 2 beds 2 baths ∙ 2,026 Sqft ∙ Built 1974
    property image
    LEASED 03/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.74
    •  
  • 6624 E Decatur Street Mesa, 3
    • 2 beds 2 baths ∙ 2,000 Sqft ∙ Built 1974 2 beds 2 baths ∙ 2,000 Sqft ∙ Built 1974
    property image
    LEASED 09/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
PROPERTY LISTING DETAILS
Heidi Serrano
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119209
Last Updated: 08/18/2020
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.

BESbswy