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9933 E Lobo Avenue E Mesa, AZ 85209

3 Beds 2 Baths 2,209 sqft Built 2001

$465,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $210.50
  • 2 Days on Market
  • MLS # : 6165924
  • Updated Date : 12/05/2020 at 02:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,209 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

3 BR + Den, 2 Full Baths; 3-Car Garage; Kitchen w/Island; Granite Countertops; Upgraded Oak Cabinets; Walk-In Pantry; French Doors to Patio; Pool - Extra Cook Deck; North/South Exposure; 16in Diagonal Set Tile; 10ft Ceilings; Ceiling Fans; Upgraded Carpet & Pads in Family Room & Bedrooms; Custom Entertainment Center - Pre-Wired for Surround Sound; Gas Fireplace; Built-In BBQ w/Umbrella; Wood Blinds throughout; Sun Screens; Garage Side Door; Stone Fire Pit; RV Gate; Close to Shopping, Freeway, Schools & Hospital.

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
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,716
Property Tax -$281
Property Insurance -$70
HOA -$22
Property Management Fees -$99
CASH FLOW
-$408

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.

$465,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.38%

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$1.2M$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,983

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,780
1$1,7802$2,0003$2,0004$2,0955$2,095
$2,095
RENT COMPS ANALYSIS
  • 9933 E Lobo Avenue E Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,209 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.81
    •  
  • 1714 S Rialto Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 10419 E Javelina Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2002
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 10509 E Olla Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
  • 9643 E Olla Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 2,308 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,308 Sqft ∙ Built 2001
    property image
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.91
    •  
PROPERTY LISTING DETAILS
George Corum
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165924
Last Updated: 12/05/2020
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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