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8845 E Dallas Street Mesa, AZ 85207

3 Beds 2 Baths 1,208 sqft Built 1999

$300,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $248.34
  • 2 Days on Market
  • MLS # : 6202853
  • Updated Date : 03/06/2021 at 14:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,208 sqft
  • Baths : 2 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

Fantastic opportunity for buyers! Single level, open floor plan is across from Playgrond Park! Large Great Room looking out from Kitchen and eat in dining room. AC was replaced in 2015! True 3 bedrooms with 2 full baths. 18'' Tile in entry, kitchen, dining , hallway and both baths. Ceiling fans, slider to backyard with private additional fenced dog run area. Upgraded security door. Close to shopping, 202 !North/South exposure.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ashley Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $89k271k

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

Neighborhood: Ashley Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9611567

* 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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,042
Property Tax -$188
Property Insurance -$51
HOA -$50
Property Management Fees -$99
CASH FLOW
-$69

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.

$300,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$12,360

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
  • $1,271

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,4754$1,4955$1,595
$1,595
RENT COMPS ANALYSIS
  • 8845 E Dallas Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 142 N 86th Place Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,114 Sqft ∙ Built 2000
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.12
    •  
  • 9050 E Fairfield Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.99
    •  
  • 9351 E Dallas Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1986
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 9146 E Boise Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,529 Sqft ∙ Built 2002
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.04
    •  
PROPERTY LISTING DETAILS
Cynthia Ann Dewine
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202853
Last Updated: 03/06/2021
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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