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10053 E Nopal Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,704 sqft Built 2018

$425,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $249.41
  • 3 Days on Market
  • MLS # : 6199657
  • Updated Date : 02/26/2021 at 17:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,704 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

CHECK OUT this Beautiful Mulberry Property Located on an Interior North/South facing Lot Featuring 3 Bedrooms, 2 Baths, Great Room Floor Plan, Ceiling Fans Throughout, Wood Plank Tile & Accent Wall. Kitchen Features a Beautiful Granite Island, White Cabinets, Cabinet Hardware, White Subway Tile, Walk in Pantry & Stainless Steel Appliances. Home Includes a split floor plan and Master Bathroom includes separate Shower/Tub, Dual Vanity W/powder station and a Nice Walk in Closet. Backyard is set up with Grass for the Kids to play or a great space to Entertain. Mulberry Community has so much to offer: Multiple Pools, Basketball and Tennis Courts, Playgrounds, Fitness Center, Parks, and Clubhouse with an activity Director. This home has so much to Offer - DO NOT MISS OUT!!!

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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,476
Property Tax -$257
Property Insurance -$60
HOA -$44
Property Management Fees -$99
CASH FLOW
-$146

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

$1,790

PROJECTED RENT

0.42%

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

3.67

YEARS SAVED

$14,340

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7453$1,7904$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 10053 E Nopal Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,704 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.05
    •  
  • 2929 S Esmeralda -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 9854 E Osage Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 2000
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.05
    •  
  • 9647 E Onza Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2000
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.08
    •  
  • 2742 S Sabrina -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.08
    •  
PROPERTY LISTING DETAILS
Travis M Flores
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199657
Last Updated: 02/26/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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