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9766 E Knowles Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,524 sqft Built 2001

$340,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $223.10
  • 4 Days on Market
  • MLS # : 6167238
  • Updated Date : 12/04/2020 at 22:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,524 sqft
  • Baths : 2 full
Listing Agent

Call Realty, Inc.

Listing Agent's Description

Lovely 3 BR 2 BA single level home in beautiful Augusta Ranch! Gorgeous remodeled kitchen w/granite countertops, extra large sink &backsplash! stainless steel/black appliances and Pantry. Updated brushed nickel door knobs & lighting throughout the house. The backyardis perfect for entertaining w/expansive flagstone patio & inviting spa! Backyard also has a large storage shed for tools! Spacious Masterbedroom. Masterbath has separate tub/shower & walk-in closet! Inside laundry w/extra storage & washer/dryer included! full 2nd bath. 2 car garagew/additional lighting & newer garage door! medium size RV gate. This is a beautiful community with walking paths, a playground, &basketball court! Great proximity to freeways, restaurants, shopping, & schools! Hurry!

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,254
Property Tax -$205
Property Insurance -$57
HOA -$22
Property Management Fees -$99
CASH FLOW
-$218

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.

$340,000

PROJECTED PRICE

$1,420

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,051

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
  • $1,593

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,5494$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 9766 E Knowles Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2024 S 2024 S Baldwin -- #112 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,386 Sqft ∙ Built 2004
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
  • 2031 S Alicia -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,524 Sqft ∙ Built 2000
    property image
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $1.02
    •  
  • 1646 S Chatsworth -- Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 1650 S Crismon Road #49 Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,475 Sqft ∙ Built 2002
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Nancy Johnson
Call Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167238
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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