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828 E Halifax Street Mesa, AZ 85203

3 Beds 2 Baths 1,299 sqft Built 1981

$294,700

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $226.87
  • 1 Days on Market
  • MLS # : 6179209
  • Updated Date : 01/09/2021 at 23:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,299 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

addorable 3 bedroom,2 bathroom plus az room on a huge pie-shaped lot with room to add rv gate for your extra toys(boat,rv,extra cars)Work out on your own back yared-21 times around the course is one mile.one car garage and one carport

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hohokam Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

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

Neighborhood: Hohokam Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9461567

* 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
Westwood High School High Regular 3,131 145 4

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

Westwood High School

  • Education Level: High
  • # of students: 3,131
  • # of teachers: 145
4
GreatSchools Rating
 

$265,230$324,170$294,700

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$1,024
Property Tax -$153
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
-$58

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.

$294,700

PROJECTED PRICE

$1,270

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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

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$83,846

INVESTMENT

$83,846

Down Payment
$73,675
Rehab Estimate
$5,750
Closing Costs
$4,421

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,024

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,675
Loan Amount $221,025
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,691

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,156

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,2953$1,395
$1,395
RENT COMPS ANALYSIS
  • 828 E Halifax Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,299 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $0.98
    •  
  • 630 E Jensen Street #179 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,464 Sqft ∙ Built 1984
    LEASED 07/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.88
    •  
  • 1240 N Freestone Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 1980
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.90
    •  
PROPERTY LISTING DETAILS
Nina Sfera
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179209
Last Updated: 01/09/2021
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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