Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10126 E Carmel Avenue Mesa, AZ 85208

3 Beds 3 Baths 1,682 sqft Built 2000

$289,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $172.35
  • 4 Days on Market
  • MLS # : 6165036
  • Updated Date : 11/28/2020 at 15:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,682 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Located in a Gated Community, this adorable 2-story home has 3BD/2.5BA and an upstairs loft for you to use as an office, play or a hobby area. New A/C installed in 2018. Within Sunrise at Parkwood you will find a pool with jacuzzi, basketball court, & Greenbelts. Located across the street from the community and within easy walking distance is Skyline Park. Also within walking distance is Skyline HS, Patterson Elementary, and an aquatics center. For those into shopping, dining, and entertainment, you are within 3 miles of Superstition Gateway. Less than 2 miles is one of Sprouts newer stores. Great floor plan, fantastic gated-community, close proximity to parks, schools, shopping, and freeways make this the perfect home.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunrise at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $87k271k

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

Neighborhood: Sunrise at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9351567

* 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$1,070
Property Tax -$181
Property Insurance -$60
HOA -$135
Property Management Fees -$99
CASH FLOW
-$125

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.

$289,900

PROJECTED PRICE

$1,420

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$9,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,497

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4203$1,4904$1,6005$1,600
$1,600
RENT COMPS ANALYSIS
  • 10126 E Carmel Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,682 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.84
    •  
  • 9944 E Farmdale Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 2001
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 10630 E Bramble Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.87
    •  
  • 10065 E Capri Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 10129 E Carmel Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
PROPERTY LISTING DETAILS
Nick Tomas
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165036
Last Updated: 11/28/2020
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.

BESbswy