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9212 E El Paso Street Mesa, AZ 85207

3 Beds 2 Baths 1,701 sqft Built 1999

$320,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $188.12
  • 3 Days on Market
  • MLS # : 6181283
  • Updated Date : 01/15/2021 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,701 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning Home on oversized lot. Granite Coutertops in Kitchen and Stainless Steel Appliances and breakfast bar. 20'' Tile throughout kitchen, living room and front room and vaulted ceilings. Master bedroom has dual sinks, granite countertops and walk in closet. The backyard is a LARGE CORNER LOT that has covered patio, North/South facing with a large RV gate. Don't miss this totally renovated beauty!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Sonoran Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,111
Property Tax -$166
Property Insurance -$60
HOA -$13
Property Management Fees -$99
CASH FLOW
$280

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.

$320,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.54%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

10.33

YEARS SAVED

$48,355

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,867

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7303$1,7954$1,8005$1,885
$1,885
RENT COMPS ANALYSIS
  • 9212 E El Paso Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.02
    •  
  • 9146 E Boise Street Mesa, AZ 1
    • 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
    •  
  • 1130 N 87th Place Mesa, AZ 3
    • 3 beds 4 baths ∙ 1,589 Sqft ∙ Built 1999 3 beds 4 baths ∙ 1,589 Sqft ∙ Built 1999
    LEASED 11/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.13
    •  
  • 9019 E Fox Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 1019 N 93rd Place Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,722 Sqft ∙ Built 1998
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $1.09
    •  
PROPERTY LISTING DETAILS
Vicki Cawthon
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181283
Last Updated: 01/15/2021
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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