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8549 E Monte Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,543 sqft Built 2000

$350,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $226.83
  • 3 Days on Market
  • MLS # : 6196197
  • Updated Date : 02/18/2021 at 23:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,543 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

WOW! Absolutely gorgeous single-story 3 bedroom/2 bath home with neighborhood parks and playgrounds both across the street and directly behind! Spacious Great Room floorplan offers split bedroom plan and open vaulted ceilings throughout living area. Home is loaded with upgrades including: 16'' tile throughout living areas; bay windows in both breakfast nook and maser bedroom; ceilings fans in all rooms; maple cabinets in kitchen; double sinks and garden tub in master bath; master walk-in closet; updated light fixtures; 2 car garage; and lots more! Perfect starter home, featuring popular Gilbert schools but lower Mesa property taxes, and convenient access to the 202. Hurry, this won't last long with all of these features at this price!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lesueur Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Lesueur Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9871567

* 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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$1,216
Property Tax -$211
Property Insurance -$57
HOA -$19
Property Management Fees -$99
CASH FLOW
-$52

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.

$350,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,998

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,543

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5503$1,6954$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 8549 E Monte Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.00
    •  
  • 8548 E Laguna Azul Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 2329 S Gordon Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 2001
    LEASED 11/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.00
    •  
  • 8551 E Lakeview Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.02
    •  
  • 8521 E Desert Lane Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.05
    •  
PROPERTY LISTING DETAILS
Greg Askins
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196197
Last Updated: 02/18/2021
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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