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9049 E Vine Avenue Mesa, AZ 85208

3 Beds 2 Baths 1,768 sqft Built 1960

INVESTimate

$295,000

List Price

$1,310

$1,179 - $1,441

Rent Est.

$314,146  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $166.86
  • 6 Days on Market
  • MLS # : 6120764
  • Updated Date : 08/24/2020 at 10:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

Not very often does a new build home this large with this big of an open floor plan comes up for sale. This home is very energy efficient with 2x6 construction, dual pane vinyl frame windows and R-38 insulation in the ceiling. Check out the custom designed tile floor! This is a 3 bedroom and 2 bath home with a huge open floor plan for the family room, dining and kitchen. All the bedrooms are large with plenty of natural light. There is a huge front and rear yard with plenty of room for a pool and the kids to play. There is a 2 car carport out front with plenty of room for parking. This home is all new except the concrete for part of the home was left, everything else is brand new. New septic, new electric, new wood framing, electrical, everything is brand new.This home is a must see.

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PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $94k271k

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,179$1,441$1,310

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,310
EXPENSES Loan Payment -$1,088
Property Tax -$174
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$113

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.

$295,000

PROJECTED PRICE

$1,310

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$12,265

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,310

    LIST RENT
  • $0.74

    LIST RENT PER SQFT
  • $1,494

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3103$1,600
$1,600
RENT COMPS ANALYSIS
  • 9049 E Vine Avenue Mesa, 2
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,310
    • $0.74
    •  
  • 9410 E Edgewood Avenue Mesa, 1
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1977
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.81
    •  
  • 401 N 96th Place Mesa, 3
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1961
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Leonard Behie
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120764
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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