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10022 E Isleta Avenue Mesa, AZ 85209

3 Beds 3 Baths 1,417 sqft Built 2006

$279,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $196.89
  • 1 Days on Market
  • MLS # : 6157892
  • Updated Date : 11/07/2020 at 22:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,417 sqft
  • Baths : 2 full , 1 half
Listing Agent

Desert Dimensions Properties

Listing Agent's Description

Absolutely beautiful, 3bed / 2.5 bath Crismon Creek Village home, located next to large, grassy common area and close to community pool. Upgraded inside with granite and SS appliances in the kitchen, tile and plush carpet throughout, ceiling fans in all rooms and lots of other thoughtful touches. Open kitchen, w/ island and eat in / dining area and living room area all downstairs with all bedrooms upstairs, including upstairs laundry room and washer & dryer convey. 2 Car garage and a private back patio area. Community pool just around the corner and community is conveniently located with easy access to US60, Loop 202, shopping, dining, entertainment and employers, all within minutes!Makes a great starter home, downsizer or rental property!

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
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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$1,029
Property Tax -$145
Property Insurance -$55
HOA -$128
Property Management Fees -$99
CASH FLOW
$4

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.

$279,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.52%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,456

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4603$1,5004$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 10022 E Isleta Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $1.03
    •  
  • 1635 S Laramie -- Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 10204 E Isleta Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2005
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
  • 1646 S Chatsworth -- Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 2007
    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
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.05
    •  
PROPERTY LISTING DETAILS
Joseph A Maggiore
Desert Dimensions Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157892
Last Updated: 11/07/2020
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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