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830 S Dobson Road #57 Mesa, AZ 85202

2 Beds 1 Baths 784 sqft Built 1972

$168,000

List Price

$980

$882 - $1.1K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $214.29
  • 2 Days on Market
  • MLS # : 6174676
  • Updated Date : 12/26/2020 at 17:50
CONSTRUCTION
  • Beds : 2
  • Floor Size : 784 sqft
  • Baths : 1 full
Listing Agent

Exp Realty

Listing Agent's Description

This is a beautifully updated Townhome in a fantastic Mesa location. You will love the stylish hardwood flooring, the 2 spacious bedrooms with walk-in closets and the fun country charm kitchen. This home is move-in ready and won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Bridgewood Townhomes

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $53k271k

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

Neighborhood: Bridgewood Townhomes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2700800900100011001200130014001500Rent in $6531567

* 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
Roosevelt Elementary School Primary Regular 610 32 4
Roosevelt Elementary School Middle Regular 610 32 4
Westwood High School High Regular 3,131 145 4

Roosevelt Elementary School

  • Education Level: Primary
  • # of students: 610
  • # of teachers: 32
4
GreatSchools Rating

Roosevelt Elementary School

  • Education Level: Middle
  • # of students: 610
  • # of teachers: 32
4
GreatSchools Rating

Westwood High School

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

$151,200$184,800$168,000

PURCHASE PRICE

$882$1,078$980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $980
EXPENSES Loan Payment -$620
Property Tax -$87
Property Insurance -$43
HOA -$193
Property Management Fees -$99
CASH FLOW
-$62

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.

$168,000

PROJECTED PRICE

$980

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

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$50,270

INVESTMENT

$50,270

Down Payment
$42,000
Rehab Estimate
$5,750
Closing Costs
$2,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$620

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $42,000
Loan Amount $126,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$5,296

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
  • $880

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$9953$1,0954$1,1005$1,100
$1,100
RENT COMPS ANALYSIS
  • 830 S Dobson Road #57 Mesa, AZ 1
    • 2 beds 1 baths ∙ 784 Sqft ∙ Built 1972 2 beds 1 baths ∙ 784 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1101 S Sycamore -- #102 Mesa, AZ 2
    • 2 beds 2 baths ∙ 874 Sqft ∙ Built 1986 2 beds 2 baths ∙ 874 Sqft ∙ Built 1986
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $1.14
    •  
  • 1730 W Emelita Avenue #1044 Mesa, AZ 3
    • 2 beds 2 baths ∙ 954 Sqft ∙ Built 1980 2 beds 2 baths ∙ 954 Sqft ∙ Built 1980
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,095
    • $1.15
    •  
  • 1051 S Dobson Road #179 Mesa, AZ 4
    • 2 beds 1 baths ∙ 1,047 Sqft ∙ Built 1979 2 beds 1 baths ∙ 1,047 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.05
    •  
  • 1730 W Emelita Avenue #1019 Mesa, AZ 5
    • 2 beds 2 baths ∙ 954 Sqft ∙ Built 1979 2 beds 2 baths ∙ 954 Sqft ∙ Built 1979
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.15
    •  
PROPERTY LISTING DETAILS
David R. Lund
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174676
Last Updated: 12/26/2020
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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