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10017 E Naranja Avenue Mesa, AZ 85209

4 Beds 3 Baths 1,937 sqft Built 2018

$425,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $219.41
  • 2 Days on Market
  • MLS # : 6181027
  • Updated Date : 01/17/2021 at 02:30
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,937 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful home located in the sought after community of Mulberry. The home features upgraded wood-look tile floors, beautiful granite countertops, stainless appliances, an open floor plan with a den/4the bedroom, The spacious master boasts dual sinks, vanity and large walk-in closetDon

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k280k

* 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
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
 

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

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,476
Property Tax -$257
Property Insurance -$65
HOA -$59
Property Management Fees -$99
CASH FLOW
-$126

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

$1,830

PROJECTED RENT

0.43%

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$15k

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 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$15,573

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,821

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7253$1,7954$1,8305$1,849
$1,849
RENT COMPS ANALYSIS
  • 10017 E Naranja Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,937 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.94
    •  
  • 2258 S Abbey -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 10142 E Lobo Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2003
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 10457 E Obispo Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2000
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 2840 S Coyote Canyon Circle Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 2000
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.95
    •  
PROPERTY LISTING DETAILS
Dana Bentley Black
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181027
Last Updated: 01/17/2021
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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