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930 N Mesa Drive #1007 # 1007 
Mesa, AZ
85201
2 Beds 2 Baths 1,079 sqft
Built 1986
INVESTimate
$210,000
List Price
$61,400
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $194.62
- 2 Days on Market
- MLS # : 6122146
- Updated Date : 08/25/2020 at 10:45
CONSTRUCTION
- Beds : 2
- Floor Size : 1,079 sqft
- Baths : 2 full
Listing Agent
American Allstar Realty
Listing Agent's Description
Move-in-Ready, Newly Updated 2bdrm/2bath bottom/corner unit with a great view of the greenbelt. Brand New: kitchen cabinets, granite counter tops,sink,faucet,garbage disposal,flooring, baseboards, moldings, paint, bathroom vanities,tub,toilets, walk in tiled shower, ceiling fans, light fixtures, window blinds, outlets. A/C unit replaced 4 years ago.Water Heater replaced 2015 w/ 1 year warranty remaining. New stainless steel appliances to come. Close to the community pool and spa. Covered parking spot close and lots of extra parking spots for guests. Great location!
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PRICE & RENT TRENDS
Neighborhood: Park Center Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Park Center Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$775 |
| Property Tax | -$109 | |
| Property Insurance | -$48 | |
| HOA | -$220 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$1
|
||
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.
$210,000
PROJECTED PRICE
$1,250
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.32% |
| Appreciation Year (1-5) | 9.64% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.56% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$61,400
LOAN DETAILS
$775
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
5
YEARS SAVED
$12,398
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.16
LIST RENT PER SQFT
-
$1,252
COMP ESTIMATED VALUE -
$1.16
COMP AVG. RENT PER SQFT
Comps Range
-
930 N Mesa Drive #1007 Mesa, 5
- 2 beds 2 baths ∙ 1,079 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,079 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,250
- $1.16
-
930 N Mesa Drive #2017 Mesa, 1
- 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1986
LEASED 01/20/20- Rent
- Rent Per SQFT
- $1,150
- $1.15
-
930 N Mesa Drive #2081 Mesa, 2
- 2 beds 2 baths ∙ 1,078 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,078 Sqft ∙ Built 1986
LEASED 02/15/20- Rent
- Rent Per SQFT
- $1,175
- $1.09
-
930 N Mesa Drive #1031 Mesa, 3
- 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1986
LEASED 09/07/19- Rent
- Rent Per SQFT
- $1,195
- $1.20
-
930 N Mesa Drive #1072 Mesa, 4
- 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1986 2 beds 2 baths ∙ 1,000 Sqft ∙ Built 1986
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,199
- $1.20
PROPERTY LISTING DETAILS
American Allstar Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122146
Last Updated: 08/25/2020
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.
