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8458 E Laurel Street Mesa, AZ 85207

4 Beds 4 Baths 3,133 sqft Built 2013

$825,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $263.33
  • 2 Days on Market
  • MLS # : 6163360
  • Updated Date : 11/20/2020 at 19:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,133 sqft
  • Baths : 3 full , 1 half
Listing Agent

Core Realty Professionals

Listing Agent's Description

Nestled quietly on a beautiful lot, this stunning home is the perfect escape for someone looking to buy an experience, as much as they are looking to buy a forever home. Experience resort style living in the fabulous Mountain Bridge gated community. With its spacious open concept layout, the bright an airy feel, and your own private oasis in the backyard - this 4-bedroom 3.5-bathroom home brings the perfect living space for those who have an adoration for finer living. Oversized glass sliding doors in the living room open onto the deck and pool/spa area that invite the outdoors in and make the perfect entertainers space! If you're looking for a home that feels like an escape, we'd love to invite you to schedule a private tour. Once you walk through the charming front courtyard, you'll be

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $109k559k

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

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10342843

* 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
 

$742,500$907,500$825,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$3,044
Property Tax -$428
Property Insurance -$88
HOA -$55
Property Management Fees -$99
CASH FLOW
-$754

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.

$825,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$224,375

INVESTMENT

$224,375

Down Payment
$206,250
Rehab Estimate
$5,750
Closing Costs
$12,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,044

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $206,250
Loan Amount $618,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$6,614

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,687

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,299
1$2,2992$2,5003$2,7004$2,9605$3,200
$3,200
RENT COMPS ANALYSIS
  • 8458 E Laurel Street Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,133 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $0.94
    •  
  • 8540 E Mcdowell Road #80 Mesa, AZ 1
    • 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 1996 4 beds 4 baths ∙ 3,000 Sqft ∙ Built 1996
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.77
    •  
  • 8558 E Halifax Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 3,165 Sqft ∙ Built 2004 4 beds 2 baths ∙ 3,165 Sqft ∙ Built 2004
    LEASED 06/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.79
    •  
  • 2050 N Piedra -- Mesa, AZ 3
    • 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001 3 beds 3 baths ∙ 3,000 Sqft ∙ Built 2001
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.90
    •  
  • 2756 N Cabot Circle Mesa, AZ 5
    • 5 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Erin Irwin
Core Realty Professionals
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163360
Last Updated: 11/20/2020
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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