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

9233 E Neville Avenue #1010 Mesa, AZ 85209

3 Beds 3 Baths 1,426 sqft Built 2003

$284,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $199.16
  • 2 Days on Market
  • MLS # : 6205943
  • Updated Date : 03/14/2021 at 02:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full , 1 half
Listing Agent

Scottsdale Sierra, Inc.

Listing Agent's Description

Augusta Ranch ''Craftsman Style'' STAND ALONE HOME that incudes 3 bedrooms, Den, 2.5 bathrooms, 2 car garage and mountain view from upper level. OVER 15K spent on upgrades in 2021: UPGRADES INCLUDE: Custom paint INTERIOR AND EXTERIOR, carpet, ''Plantation Style'' blinds, stainless applicances, plus fixutures &hardware! ADDITIONAL UPGRADES INCLUDE: WOOD STYLE FLOORING IN DEN, ENTRY and GREAT ROOM plus 'STONE LIKE'' tile floors in KITCHEN, BATHS&LAUNDRY! Also find a attached 2 car garage with direct entry into home! This property does not share any common walls plus a end unit that sides a large common area. Very UPSCALE subdivision of more expensive homes in AUGUSTA RANCH GOLF COURSE/LAKE COMMUNITY! Great VALUE FOR A HOME PRICED AT 284K!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$255,600$312,400$284,000

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 -$986
Property Tax -$171
Property Insurance -$55
HOA -$189
Property Management Fees -$99
CASH FLOW
-$161

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$284,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,010

INVESTMENT

$81,010

Down Payment
$71,000
Rehab Estimate
$5,750
Closing Costs
$4,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$986

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,000
Loan Amount $213,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,014

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3403$1,4004$1,4755$1,545
$1,545
RENT COMPS ANALYSIS
  • 9233 E Neville Avenue #1010 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.94
    •  
  • 9233 E Neville Avenue #1160 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.02
    •  
  • 9233 E Neville Avenue #1153 Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,426 Sqft ∙ Built 2002
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.98
    •  
  • 9233 E Neville Avenue #1068 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,475 Sqft ∙ Built 2002
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.00
    •  
  • 2821 S Skyline Drive #142 Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,558 Sqft ∙ Built 2017
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
PROPERTY LISTING DETAILS
Erick J Paddie
Scottsdale Sierra, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205943
Last Updated: 03/14/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy