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9143 E Princess Drive Mesa, AZ 85207

3 Beds 2 Baths 1,418 sqft Built 1983

$267,500

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $188.65
  • 2 Days on Market
  • MLS # : 6154993
  • Updated Date : 11/01/2020 at 22:50
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,418 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Very well cared for single family home on private street, super close to the freeway! Easy access to Canyon and Apache lake and ample shopping close by! Large backyard and spacious floor plan you wont want to miss.

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
 

$240,750$294,250$267,500

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$987
Property Tax -$141
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$59

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.

$267,500

PROJECTED PRICE

$1,340

PROJECTED RENT

0.50%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$76,638

INVESTMENT

$76,638

Down Payment
$66,875
Rehab Estimate
$5,750
Closing Costs
$4,013

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$987

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,875
Loan Amount $200,625
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$26,466

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
  • $1,482

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4753$1,4954$1,5955$1,800
$1,800
RENT COMPS ANALYSIS
  • 9143 E Princess Drive Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,418 Sqft ∙ Built 1983
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9050 E Fairfield Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1999
    property image
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.99
    •  
  • 9351 E Dallas Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1986
    property image
    LEASED 11/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 651 N 92nd Place Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1984
    property image
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.00
    •  
  • 9019 E Fox Street Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
PROPERTY LISTING DETAILS
Joshua A. Meacham
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154993
Last Updated: 11/01/2020
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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