Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8540 E Mcdowell Road #67 Mesa, AZ 85207

4 Beds 3 Baths 2,845 sqft Built 1992

$745,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $261.86
  • 7 Days on Market
  • MLS # : 6178817
  • Updated Date : 01/12/2021 at 21:58
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Edge Realty, Llc

Listing Agent's Description

Quarantine Oasis Awaits! This Single Level- Split Floor Plan(rooms are more than 6 ft apart) is surrounded by Open Desert and Mountain Views. The Private and Tranquil Back Yard has a Beautiful Pool and Spacious Deck Should You Ever Have a Social or Family Gathering. Room for you to Design your Own BBQ and Outdoor Kitchen as well.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Thunder Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650k700kPrice in $109k728k

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

Neighborhood: Thunder Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10343659

* 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
 

$670,500$819,500$745,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$2,588
Property Tax -$391
Property Insurance -$83
HOA -$34
Property Management Fees -$99
CASH FLOW
-$565

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.

$745,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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-$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$203,175

INVESTMENT

$203,175

Down Payment
$186,250
Rehab Estimate
$5,750
Closing Costs
$11,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,588

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $186,250
Loan Amount $558,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$7,354

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
  • $2,518

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1003$2,2994$2,7005$2,750
$2,750
RENT COMPS ANALYSIS
  • 8540 E Mcdowell Road #67 Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,845 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3537 N Canyon Wash Circle Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000
    LEASED 05/24/31
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 8540 E Mcdowell Road #80 Mesa, AZ 3
    • 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
    •  
  • 3741 N Ladera Circle Mesa, AZ 4
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2001
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 3630 N Canyon Wash Circle Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.01
    •  
PROPERTY LISTING DETAILS
Becky Bashaw
Edge Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178817
Last Updated: 01/12/2021
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.

BESbswy