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9237 E Lindner Avenue Mesa, AZ 85209

3 Beds 3 Baths 1,871 sqft Built 2001

$325,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $173.70
  • 2 Days on Market
  • MLS # : 6168011
  • Updated Date : 12/04/2020 at 23:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,871 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This beautiful home situated in the gated subdivision of Suncrest at Augusta Ranch is now available! You will love the fantastic interior comprised of den (perfect to be used as library or office space), bright great room, tile/vinyl flooring in all wet areas, high vaulted ceilings, 3 bed, 2.5 bath, and neutral paint throughout. Delightful kitchen features island w/breakfast bar and all matching white appliances that compliments the white cabinets and counter-tops. The marvelous master bedroom includes its own master bath that boasts walk-in closet, dual sinks, and tub/shower combination. Outside, in backyard, relax on the green grass or under the covered patio. Hurry to make an offer, homes in this community sell fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Suncrest at Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k271k

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

Neighborhood: Suncrest at Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9751567

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,199
Property Tax -$196
Property Insurance -$64
HOA -$42
Property Management Fees -$99
CASH FLOW
$230

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.

$325,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$20k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$49,252

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7954$1,8305$1,875
$1,875
RENT COMPS ANALYSIS
  • 9237 E Lindner Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.98
    •  
  • 2333 S Compton -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 9244 E Kiowa Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,871 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 2144 S Keene Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 9366 E Kiva Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.02
    •  
PROPERTY LISTING DETAILS
Madison Morrow
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168011
Last Updated: 12/04/2020
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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