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9233 E Neville Avenue #1050 Mesa, AZ 85209

3 Beds 2 Baths 1,230 sqft Built 2002

$299,000

List Price

$1,250

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $243.09
  • 2 Days on Market
  • MLS # : 6210184
  • Updated Date : 03/20/2021 at 22:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,230 sqft
  • Baths : 2 full
Listing Agent

Sound Realty

Listing Agent's Description

Beautiful remodel in perfect location! Although it is a townhome, the home is completely stand alone with zero common walls. Ultra popular Trend Homes floor plan. Smart EcoBee thermostat. RO water that hooks up to the refrigerator. Refrigerator, washer, & dryer stay. Close access to both US 60 & 202 freeways. Close to shopping. Come see this one quick, it won't last long!

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,125$1,375$1,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,250
EXPENSES Loan Payment -$1,039
Property Tax -$181
Property Insurance -$51
HOA -$141
Property Management Fees -$99
CASH FLOW
-$260

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.

$299,000

PROJECTED PRICE

$1,250

PROJECTED RENT

0.42%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$1,559

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
  • $1,248

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,0503$1,3004$1,4005$1,495
$1,495
RENT COMPS ANALYSIS
  • 9233 E Neville Avenue #1050 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9233 E Neville Avenue #1053 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,064 Sqft ∙ Built 2002
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.99
    •  
  • 9233 E Neville Avenue #1160 Mesa, AZ 3
    • 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 4
    • 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
    •  
  • 9314 E Plana Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,401 Sqft ∙ Built 1999
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.07
    •  
PROPERTY LISTING DETAILS
Laura M Morby
Sound Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210184
Last Updated: 03/20/2021
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.

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