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10031 E June Circle Mesa, AZ 85207

5 Beds 3 Baths 2,610 sqft Built 2003

INVESTimate

$650,000

List Price

$2,290

$2,061 - $2,519

Rent Est.

$677,235  ( +4.19%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $249.04
  • 7 Days on Market
  • MLS # : 6120312
  • Updated Date : 08/21/2020 at 21:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,610 sqft
  • Baths : 3 full
Listing Agent

Springs Realty

Listing Agent's Description

Outstanding Custom Home situated on over an acre. Less than 500 feet to the Crismon Trailhead for Usery Mountain! Mountain Views from every window! Open floor plan, warm palette, window blinds, fireplace, ceiling fans, & high-end carpet. Formal dining room w/unique rounded wall, upgraded lighting, & exquisite views. The eat-in kitchen features a large center island, granite counters, breakfast bar, pantry, & plenty of cabinets. Generous sized bedrooms, ample closets, upscale baths w/granite counters. Master retreat boasts patio access, private en suite w/dual sinks, & custom walk-in closet. Large laundry room w/storage cabinets & sink. Backyard features a built-in BBQ, covered patio, meticulous desert landscape, & paver patio. Air conditioned and insulated 800 SF 3 car gararage.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85207

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Zip Code: 85207

ZipNIR 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
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
 

$585,000$715,000$650,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

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

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$2,398
Property Tax -$341
Property Insurance -$78
Property Management Fees -$99
CASH FLOW
-$627

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.

$650,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.19%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,500
Loan Amount $487,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$4,525

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
  • $2,027

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1994$2,295
$2,295
RENT COMPS ANALYSIS
  • 10031 E June Circle Mesa, 1
    • 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1503 N Steele -- Mesa, 2
    • 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,862 Sqft ∙ Built 2001
    LEASED 04/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.73
    •  
  • 8528 E Inca Street Mesa, 3
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008
    LEASED 03/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.79
    •  
  • 9027 E Hobart Street Mesa, 4
    • 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,839 Sqft ∙ Built 2001
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.81
    •  
PROPERTY LISTING DETAILS
Steven Coons
Springs Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6120312
Last Updated: 08/21/2020
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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