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10144 E Stealth Avenue Mesa, AZ 85212

3 Beds 3 Baths 2,278 sqft Built 2016

$480,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $210.71
  • 2 Days on Market
  • MLS # : 6146068
  • Updated Date : 12/12/2020 at 13:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,278 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful curb appeal with a partial stone elevation, brick paver driveway that leads to the split 3 car garage with epoxy floors, overhead storage and new water softener. Spacious open floor plan is perfect for entertaining! Tile plank flooring and soft color palette. Formal dining. Kitchen has Custom white cabinets, quartz counters, stainless steal appliances and an island w/ breakfast bar seating, gas cook top, microwave, wall mount double ovens and a walk-in pantry. Bedrooms have carpet & ceiling fans. Master has a walk -in shower, walk-in closet and access to the laundry from the closet. windows have upgraded roller shades for added security and privacy. The backyard has a brick paver covered patio and a nice grass area. Many community amenities available and Easy access to the 202.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

* 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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,771
Property Tax -$444
Property Insurance -$72
HOA -$95
Property Management Fees -$99
CASH FLOW
-$381

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.

$480,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.44%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,554

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,164

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1003$2,1004$2,1005$2,195
$2,195
RENT COMPS ANALYSIS
  • 10144 E Stealth Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 9966 E Wavelength Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2019
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 10142 E Sphere Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2019
    property image
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.96
    •  
  • 4557 S Nebula -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2020
    property image
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.92
    •  
  • 10158 E Theorem Drive Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
PROPERTY LISTING DETAILS
John Gonzales
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6146068
Last Updated: 12/12/2020
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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