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9808 E Butte Street Mesa, AZ 85207

2 Beds 1 Baths 1,328 sqft Built 1955

$220,000

List Price

$1,150

$1K - $1.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1955
  • Price/Sqft : $165.66
  • 3 Days on Market
  • MLS # : 6160317
  • Updated Date : 11/13/2020 at 15:23
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,328 sqft
  • Baths : 1 full
Listing Agent

Presidential Realty, Llc

Listing Agent's Description

Great investment or rental opportunity!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Blue Sky Vista

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $73k271k

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

Neighborhood: Blue Sky Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Skyline High School High Regular 2,567 121 5

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,035$1,265$1,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,150
EXPENSES Loan Payment -$812
Property Tax -$130
Property Insurance -$53
Property Management Fees -$99
CASH FLOW
$57

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.

$220,000

PROJECTED PRICE

$1,150

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$21,692

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,150

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,253

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$899
1$8992$9753$1,1504$1,199
$1,199
RENT COMPS ANALYSIS
  • 9808 E Butte Street Mesa, AZ 3
    • 2 beds 1 baths ∙ 1,328 Sqft ∙ Built 1955 2 beds 1 baths ∙ 1,328 Sqft ∙ Built 1955
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.87
    •  
  • 10121 E Illini Street Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1972 2 beds 2 baths ∙ 1,120 Sqft ∙ Built 1972
    property image
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $899
    • $0.80
    •  
  • 10550 E Boulder Drive Apache Junction, AZ 2
    • 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1975 2 beds 1 baths ∙ 1,000 Sqft ∙ Built 1975
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $975
    • $0.98
    •  
  • 220 S 91st Way Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1969 2 beds 2 baths ∙ 1,140 Sqft ∙ Built 1969
    property image
    LEASED 06/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $1.05
    •  
PROPERTY LISTING DETAILS
Ryan Jones
Presidential Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160317
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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