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958 S Helms Circle Mesa, AZ 85204

4 Beds 3 Baths 1,940 sqft Built 1977

$425,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $219.07
  • 5 Days on Market
  • MLS # : 6162110
  • Updated Date : 11/18/2020 at 19:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,940 sqft
  • Baths : 3 full
Listing Agent

Mesa Verde Real Estate

Listing Agent's Description

''Stop the car!'' Don't pass on this amazing home in a perfect cul-de-sac location. The 1030s.f. detached garage is a dream come true: room for cars, RV's, & toys, or a perfect mechanic or wood shop. Unlimited possibilities w/extra-wide & sturdy RV gate & endless concrete pad behind the gate for extra parking! Move-in ready home has a fresh interior coat of paint t/o & brand new carpet. Excellent split floor plan features 4 BR's (includes 2 Master BR's), 3 full baths, sep. FR & LR, formal DR & office. LR boasts a cozy, full-wall brick fireplace. Spacious Kit. w/plenty of granite counter space, tile splash, B/I micro, & breakfast bar. Upgraded C-fans in all BR's & new canned lighting in LR & FR. Oh, & did I say it had a brand new roof? KACHING! And a new AC unit in 2019!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $92k271k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mesa High School High Regular 3,406 155 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,568
Property Tax -$221
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$393

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.

$425,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,292

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
  • $1,746

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,4954$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 958 S Helms Circle Mesa, AZ 1
    • 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1977 4 beds 3 baths ∙ 1,940 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2434 E Carol Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 1985
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 3314 E Juanita Avenue Gilbert, AZ 3
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 1997
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 662 S 26th Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,077 Sqft ∙ Built 1988
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 3824 E Pueblo Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1985 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1985
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.91
    •  
PROPERTY LISTING DETAILS
Timothy J. Flaherty
Mesa Verde Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162110
Last Updated: 11/18/2020
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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