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828 W Monte Avenue Mesa, AZ 85210

4 Beds 3 Baths 1,951 sqft Built 1980

$390,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $199.90
  • 2 Days on Market
  • MLS # : 6160709
  • Updated Date : 11/14/2020 at 22:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,951 sqft
  • Baths : 2 full , 1 half
Listing Agent

Az Lane Realty

Listing Agent's Description

Fantastic opportunity to own this 4bed/2.5 bath home in highly sought after Non HOA - Dobson Woods. Charming curb appeal leads you into the beautifully renovated light and bright interior featuring a BRAND NEW ROOF, soaring vaulted ceilings, wood flooring & a spacious fluid floorplan. Kitchen boasts stainless steel appliances, a plethora of cabinetry/counter space and a breakfast bar. Lovely master with en suite. Step out to you're very own private & quiet oasis. Complete with a diving depth sparkling pool. Perfect for entertaining. Steps from schools and parks and easy access to shopping, dining, golf, freeways and so much more. Do not miss out! See it today and make it yours.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Dobson Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Dobson Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10201981

* 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
Dobson High School High Regular 2,639 122 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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,439
Property Tax -$202
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
$135

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.

$390,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$42,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,971

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7754$1,9405$1,975
$1,975
RENT COMPS ANALYSIS
  • 828 W Monte Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1980 4 beds 3 baths ∙ 1,951 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.99
    •  
  • 507 W Navarro Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,642 Sqft ∙ Built 1994
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
  • 2339 S Davis Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 1355 W Nido Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1979
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.03
    •  
  • 2356 S Davis Circle Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,898 Sqft ∙ Built 1978
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.04
    •  
PROPERTY LISTING DETAILS
Lori L Lane
Az Lane Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160709
Last Updated: 11/14/2020
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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