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9907 E Greenway Street Mesa, AZ 85207

3 Beds 3 Baths 2,397 sqft Built 2011

$599,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $250.27
  • 5 Days on Market
  • MLS # : 6164671
  • Updated Date : 11/28/2020 at 18:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,397 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homemax Real Estate

Listing Agent's Description

Beautiful Semi-Custom VIP Home on 1/3+ Acre w/ 8 Car Garage! Featuring a Spacious Kitchen w/ Cherry Cabinets, Granite C-Tops, SS Appliances, RO Syst & Walk-in Pantry. Tile Flooring & Plantation Shutters T/O. 3 Large Bedrooms, 2.5 Bath plus Den/Office. Classy Closets in Bedroom Closets, Jack-n-Jill Bath, LED Lighting T/O, Whole House Water Conditioner, Security System. 4 Car Insulated w/HVAC Attached Garage w/Custom Cabs, 4 Car Insulated w/HVAC Detached Garage w/8' Door & Custom Cabs, 20amp in Both & 30amp in Rear. N/S Exposure, Custom 10' RV Gate & 4' Walk-thru Gate, Screened Security Doors on All Exits, 6'x12' Storage Shed, 18'x18' Pergola w/Pavers Patio Area, Laminated Windows in the Right Areas for Extra Security & Soundproofing, Sunscreens for All Windows & More. A Must See!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

* 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
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
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$2,213
Property Tax -$311
Property Insurance -$74
HOA -$115
Property Management Fees -$99
CASH FLOW
-$473

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.

$599,900

PROJECTED PRICE

$2,340

PROJECTED RENT

0.39%

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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

1.92

YEARS SAVED

$8,875

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
  • $2,589

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4004$2,6005$2,600
$2,600
RENT COMPS ANALYSIS
  • 9907 E Greenway Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,397 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,397 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1912 N Steele -- Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,057 Sqft ∙ Built 2012
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 9765 E Inglewood Circle Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,323 Sqft ∙ Built 2008
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.03
    •  
  • 1955 N Red Cliff -- Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 9655 E Glencove Circle Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.15
    •  
PROPERTY LISTING DETAILS
E.t. Saffon
Homemax Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164671
Last Updated: 11/28/2020
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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