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860 W Juanita Avenue Mesa, AZ 85210

4 Beds 2 Baths 2,100 sqft Built 1975

$346,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1975
  • Price/Sqft : $164.76
  • 5 Days on Market
  • MLS # : 6154075
  • Updated Date : 10/31/2020 at 12:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,100 sqft
  • Baths : 2 full
Listing Agent

Nexthome Valleywide

Listing Agent's Description

Unbelievable single level property is now on the market in desirable Mesa! This home has it all! Starting with large easy care desert landscaping and RV gate. Double-door entrance leads to a welcoming interior complete with 4 bed, 2 bath, brick fireplace ideal for this winter, vaulted ceilings, carpet in all right places, and living/dining area. Practice your cooking skills in this well maintained eat-in kitchen offering everything you need; track lighting, plenty cabinet/counter space, breakfast bar, and sparkling stainless steel appliances ready to be used. Double-door master suite includes walk-in closet and spotless en-suite bathroom. Enjoy relaxing afternoons in this perfectly sized backyard with covered patio, firepit, pavers, storage shed, and so much potential to make it your own.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: West Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $80k271k

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

Neighborhood: West Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8451567

* 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
Dobson High School High Regular 2,639 122 4

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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$311,400$380,600$346,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,277
Property Tax -$180
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$23

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.

$346,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 8.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$97,440

INVESTMENT

$97,440

Down Payment
$86,500
Rehab Estimate
$5,750
Closing Costs
$5,190

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,277

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,500
Loan Amount $259,500
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$23,420

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,932

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6953$1,7104$1,8005$1,995
$1,995
RENT COMPS ANALYSIS
  • 860 W Juanita Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1975 3 beds 2 baths ∙ 2,100 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.76
    •  
  • 2339 S Davis Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,809 Sqft ∙ Built 1977
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.94
    •  
  • 3122 S Rogers Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1979
    LEASED 10/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.96
    •  
  • 1726 S Henkel Circle Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,004 Sqft ∙ Built 1979
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 557 W Monte Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,278 Sqft ∙ Built 1994
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
PROPERTY LISTING DETAILS
Craig Akers
Nexthome Valleywide
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154075
Last Updated: 10/31/2020
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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