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914 W Mesquite Street Chandler, AZ 85225

3 Beds 2 Baths 1,463 sqft Built 1981

$344,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $235.75
  • 2 Days on Market
  • MLS # : 6181946
  • Updated Date : 01/16/2021 at 23:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 2 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

This Chandler charmer has a large, low maintenance front yard with an extended driveway and RV gate. Inside, there is wood laminate and crown molding that runs throughout the three bedroom, two bathroom home. The main living area is open and has lots of natural light and vaulted ceilings. The kitchen has white cabinets and stainless steel appliances. The owner's suite has a large window that looks out to the backyard and dual sinks in the en-suite bathroom. The two secondary bedrooms share a nicely updated bathroom. The laundry room has extra cabinets for storage and space for a second refrigerator. The backyard is nicely landscaped with turf.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southmoore

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k320k

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

Neighborhood: Southmoore

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8771780

* 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
Dobson High School High Regular 2,639 122 4

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

Dobson High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 122
4
GreatSchools Rating
 

$310,410$379,390$344,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,198
Property Tax -$195
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
$12

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.

$344,900

PROJECTED PRICE

$1,560

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.2%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$97,149

INVESTMENT

$97,149

Down Payment
$86,225
Rehab Estimate
$5,750
Closing Costs
$5,174

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,225
Loan Amount $258,675
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,424

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,554

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5253$1,5604$1,6955$1,699
$1,699
RENT COMPS ANALYSIS
  • 914 W Mesquite Street Chandler, AZ 3
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.07
    •  
  • 3454 N Apache Court Chandler, AZ 1
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1986
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 2603 N Pleasant Drive Chandler, AZ 2
    • 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,463 Sqft ∙ Built 1980
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.04
    •  
  • 1606 W Barrow Drive Chandler, AZ 4
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1984
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.07
    •  
  • 303 W Barrow Drive Chandler, AZ 5
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1979
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.05
    •  
PROPERTY LISTING DETAILS
Blake Clark
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181946
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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