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9233 E Neville Avenue #1104 Mesa, AZ 85209

3 Beds 2 Baths 1,426 sqft Built 2002

$275,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $192.85
  • 2 Days on Market
  • MLS # : 6160526
  • Updated Date : 11/13/2020 at 21:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,426 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Come see this tri-level townhome 3 bed, 2 bath home located in the beautiful community of Park Central at Augusta Ranch. Corner unit located next to a grassy area and playground. New carpet and Paint inside. House is move in ready! Stainless steel appliances in the kitchen. Washer/dryer on 1st floor. Walk out balcony on the 2nd floor with 2 bedrooms. Master is located on the 3rd level. Community pool, parks and close to shopping, dining, and freeway access.

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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,015
Property Tax -$166
Property Insurance -$55
HOA -$148
Property Management Fees -$99
CASH FLOW
-$193

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.

$275,000

PROJECTED PRICE

$1,290

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$3,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,422

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3003$1,4004$1,4755$1,545
$1,545
RENT COMPS ANALYSIS
  • 9233 E Neville Avenue #1104 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,426 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.90
    •  
  • 9233 E Neville Avenue #1160 Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 2004
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.99
    •  
PROPERTY LISTING DETAILS
Aaron Valencia
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160526
Last Updated: 11/13/2020
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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