Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9133 E Albany Street Mesa, AZ 85207

3 Beds 2 Baths 1,407 sqft Built 2002

$289,400

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $205.69
  • 3 Days on Market
  • MLS # : 6162861
  • Updated Date : 11/21/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,407 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Move in ready 3 bed +2 bath single level home in a fantastic Mesa location! It sits on a quiet interior N/S lot near the grass play area. Open the front door to find high ceilings & an open concept dining area, family room, and kitchen that is perfect for families & entertaining. The spacious split master bedroom features en-suite bath with dual sinks, walk in closet, and an updated shower w/ glass enclosure. Down the hall are two good sized bedrooms and the 2nd bathroom. Updated modern tile flows through the entire home. Other great features include: Newer A/C, inside laundry with full size washer/dryer included, covered patio, recessed lighting & ceiling fans in all the right places, and a 2-car garage w/ direct entry. Easy desert landscaping in the front yard w/ grass in the back.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
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
 

$260,460$318,340$289,400

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$1,068
Property Tax -$150
Property Insurance -$55
HOA -$60
Property Management Fees -$99
CASH FLOW
-$42

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.

$289,400

PROJECTED PRICE

$1,390

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$200k$400k$600k$800k

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$82,441

INVESTMENT

$82,441

Down Payment
$72,350
Rehab Estimate
$5,750
Closing Costs
$4,341

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,068

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,350
Loan Amount $217,050
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$17,402

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,562

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4903$1,5504$1,5955$1,650
$1,650
RENT COMPS ANALYSIS
  • 9133 E Albany Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,407 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.99
    •  
  • 8802 E University Drive #88 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,354 Sqft ∙ Built 1997
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.10
    •  
  • 8947 E Bramble Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,342 Sqft ∙ Built 1998
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.15
    •  
  • 9146 E Boise Street Mesa, AZ 4
    • 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
    •  
  • 9556 E Baywood Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,436 Sqft ∙ Built 2011
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.15
    •  
PROPERTY LISTING DETAILS
Ryan Swan
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162861
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.

BESbswy