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854 N 94th Street Mesa, AZ 85207

3 Beds 2 Baths 1,858 sqft Built 1998

$359,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $193.70
  • 3 Days on Market
  • MLS # : 6196755
  • Updated Date : 02/20/2021 at 19:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,858 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Clean and freshly updated home in North Mesa, with views of the Superstition Mountains. Brand new A/C, ducting, paint inside & out, kitchen countertops, DW, Range, carpet and laminate flooring. Two living spaces and wood burning fireplace in the family room. One secondary bedroom is the size of two. Large bay windows in the kitchen and master bedroom stream in light and provide views of diving pool. RV gate with actual RV parking! Corner lot in a great neighborhood. Close to the 202 and easy access to the Tonto National Forest.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Sonoran Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,250
Property Tax -$187
Property Insurance -$63
HOA -$13
Property Management Fees -$99
CASH FLOW
$138

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.

$359,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$35,228

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,7504$1,8855$1,950
$1,950
RENT COMPS ANALYSIS
  • 854 N 94th Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,858 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 651 N 92nd Place Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 9146 E Boise Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2002
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
  • 1019 N 93rd Place Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $1.09
    •  
  • 9628 E Gary Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 2002
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.08
    •  
PROPERTY LISTING DETAILS
Brooke Meyer
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196755
Last Updated: 02/20/2021
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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