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923 S Seton -- Mesa, AZ 85206

4 Beds 2 Baths 2,126 sqft Built 1988

$373,400

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $175.63
  • 3 Days on Market
  • MLS # : 6169453
  • Updated Date : 12/11/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,126 sqft
  • Baths : 2 full
Listing Agent

Taylor Street Realty Services

Listing Agent's Description

This is a rare find! Tri-level home nestled on an oversized corner lot in Mesa features low maintenance front yard and 3 car garage! Set foot inside to find spacious areas, vaulted ceilings, a cozy fireplace, and perfectly flowing living & dining areas. The kitchen includes ample oak cabinets, plenty of counter space, and the essential appliances for easy cooking. The large master suite has his & her closets, tons of natural light, dual vanity, tub/shower combo, and walk-in closet. The functional basement has enough space to be an entertainment area along with 2 bedrooms & a bathroom. Huge backyard with a covered patio, mature vegetation, and sparkling pool offers unlimited potential for the new owner to add personal touches. Don't let this amazing opportunity pass by! Book a showing!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Valencia

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Arizona Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9571567

* 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
Mesa High School High Regular 3,406 155 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

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$336,060$410,740$373,400

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,378
Property Tax -$254
Property Insurance -$69
Property Management Fees -$99
CASH FLOW
-$10

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.

$373,400

PROJECTED PRICE

$1,790

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$104,701

INVESTMENT

$104,701

Down Payment
$93,350
Rehab Estimate
$5,750
Closing Costs
$5,601

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,378

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,350
Loan Amount $280,050
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$26,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,770

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,7003$1,7504$1,7905$1,899
$1,899
RENT COMPS ANALYSIS
  • 923 S Seton -- Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,126 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.84
    •  
  • 5719 E Garnet Circle Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 1998
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 5811 E Hoover Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 5360 E Carol Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 1342 S Salem -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 2007
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.93
    •  
PROPERTY LISTING DETAILS
David Barney
Taylor Street Realty Services
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6169453
Last Updated: 12/11/2020
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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