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8662 E Hannibal Street Mesa, AZ 85207

5 Beds 3 Baths 3,239 sqft Built 2000

$585,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $180.61
  • 2 Days on Market
  • MLS # : 6163634
  • Updated Date : 11/21/2020 at 15:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,239 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning home in the sought after Grandview neighborhood; one of the largest in the neighborhood. Large homes here don't come available often!! Gorgeous Travertine flooring and large vaulted ceilings. Large sparkling heated salt water pebble pool in gorgeous backyard with gazebos, garden path and private outdoor shower are an entertainer's dream! Spacious 3 car garage, with additional cooled room for a workshop, paint studio, exercise room, office, you name it! Outside includes a Shed, RV gate, and orange and grapefruit trees. Open kitchen boasts granite countertops, a large island with new quartz, under cabinet lighting, and new appliances. Close to hiking, lakes, and State parks. Stunning Mountain and City views. Too much to list, bring your buyers, this is the one you're looking for.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Grandview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k488k

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

Neighborhood: Grandview Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342296

* 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
 

$526,500$643,500$585,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$2,158
Property Tax -$304
Property Insurance -$90
HOA -$19
Property Management Fees -$99
CASH FLOW
-$50

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.

$585,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$160,775

INVESTMENT

$160,775

Down Payment
$146,250
Rehab Estimate
$5,750
Closing Costs
$8,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,158

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $146,250
Loan Amount $438,750
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$36,835

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,620

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,732

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,299
1$2,2992$2,5003$2,6204$3,200
$3,200
RENT COMPS ANALYSIS
  • 8662 E Hannibal Street Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,239 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,239 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $0.81
    •  
  • 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
    •  
  • 2756 N Cabot Circle Mesa, AZ 4
    • 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
Jenny Armstrong
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163634
Last Updated: 11/21/2020
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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