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8160 E Enrose Street Mesa, AZ 85207

3 Beds 2 Baths 2,003 sqft Built 1997

$475,000

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $237.14
  • 2 Days on Market
  • MLS # : 6209606
  • Updated Date : 03/20/2021 at 22:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,003 sqft
  • Baths : 2 full
Listing Agent

Agave Homes & Investments

Listing Agent's Description

Beautiful single level home w/an RV gate & 3 car garage. Formal living/dining room, bay window, soaring ceilings, welcoming palette, window blinds, ceiling fans, & plush carpet. Handsome engineered wood floors, plant shelves, spacious family room, & French doors to patio. Inviting eat-in kitchen features a center island, pantry, stylish counters, breakfast bar, neutral tile floor, & plenty of wood cabinets. Bay window in breakfast nook. Generous size bedrooms, ample closets, & an interior laundry room w/storage cabinets. Master retreat boasts a private en suite w/dual sinks. Serene backyard setting w/a sparkling pool, covered patio, desert plants, & endless blue skies. Take a tour today! Will not disappoint!

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,650
Property Tax -$297
Property Insurance -$66
Property Management Fees -$99
CASH FLOW
-$132

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.

$475,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.42%

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$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$18,570

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8853$1,9804$2,1505$2,199
$2,199
RENT COMPS ANALYSIS
  • 8160 E Enrose Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,003 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.99
    •  
  • 8111 E Encanto Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 1997
    property image
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 1019 N 93rd Place Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998
    property image
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $1.09
    •  
  • 8528 E Kael Street Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,108 Sqft ∙ Built 2013
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
  • 254 N 79th Way Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,905 Sqft ∙ Built 2015
    property image
    LEASED 02/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jessica Leimback
Agave Homes & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209606
Last Updated: 03/20/2021
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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