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8839 E Pampa Avenue Mesa, AZ 85212

3 Beds 2 Baths 1,357 sqft Built 2004

INVESTimate

$275,000

List Price

$1,280

$1,152 - $1,408

Rent Est.

$292,848  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $202.65
  • 5 Days on Market
  • MLS # : 6121394
  • Updated Date : 08/24/2020 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,357 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

This move in ready single-story home has been well maintained by the homeowners. New kitchen Samsung stainless steel appliances. All recently painted, tile T/O, except bedrooms. Backyard has pavers for easy maintenance and great for gatherings. Close to Superstition Mall, few minutes from shopping mall on Power and 202, Gilbert Malls, entertainment and restaurants. Easy excess to 202 and US-60. Hot water heater just replaced a few months ago.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Canyon Rim Elementary School Primary Regular 929 50 8
Canyon Rim Elementary School Middle Regular 929 50 8
Desert Ridge High School High Regular 2,752 119 6

Canyon Rim Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Canyon Rim Elementary School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Desert Ridge High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,015
Property Tax -$166
Property Insurance -$54
HOA -$72
Property Management Fees -$99
CASH FLOW
-$125

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.

$275,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,280

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,286

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,3953$1,4504$1,4955$1,565
$1,565
RENT COMPS ANALYSIS
  • 8839 E Pampa Avenue Mesa, 1
    • 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,357 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.94
    •  
  • 9233 E Neville Avenue #1002 Mesa, 2
    • 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2003
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.95
    •  
  • 8540 E Milagro Avenue Mesa, 3
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 2001
    LEASED 04/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 8917 E Oro Circle Mesa, 4
    • 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2002
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 8526 E Meseto Avenue Mesa, 5
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2000
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.94
    •  
PROPERTY LISTING DETAILS
Jose Munoz
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121394
Last Updated: 08/24/2020
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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