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10208 E Thatcher Avenue Mesa, AZ 85212

3 Beds 3 Baths 2,544 sqft Built 2020

$524,579

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
November 17, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $206.20
  • 6 Days on Market
  • MLS # : 6161286
  • Updated Date : 11/17/2020 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,544 sqft
  • Baths : 2 full , 1 half
Listing Agent

Taylor Morrison (mls Only)

Listing Agent's Description

New home ready January 2021! Highly upgraded new home. Private paver courtyard at home entry. Kitchen will have staggered white kitchen cabinets, granite, stainless steel appliances that include double ovens, gas cooktop , hood and dishwasher, oversized kitchen island. Great room has a large 20 foot sliding door. Master bath room has white cabinets, granite to match the kitchen, tiled master shower and freestanding cast iron soaking clawfoot tub. Secondary bedrooms have walk-in closets. Two toned paint throughout. Wood look plank tile flooring and upgraded carpet and pad. 8 foot interior doors, 10 foot ceilings, garage has a 4 foot extension, paver driveway, Gas stub for future BBQ. Large backyard with no homes behind.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85212

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Zip Code: 85212

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
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
 

$472,121$577,037$524,579

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,935
Property Tax -$481
Property Insurance -$77
HOA -$156
Property Management Fees -$99
CASH FLOW
-$498

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$524,579

PROJECTED PRICE

$2,250

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
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-$10k-$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$141,013

INVESTMENT

$141,013

Down Payment
$131,145
Rehab Estimate
$2,000
Closing Costs
$7,869

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,935

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,145
Loan Amount $393,434
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$2,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,296

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,2504$2,3005$2,450
$2,450
RENT COMPS ANALYSIS
  • 10208 E Thatcher Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.88
    •  
  • 9809 E Solstice Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
  • 9726 E Kinetic Drive Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 4933 S Tune -- Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 9739 E Kinetic Drive Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Brandon Cleveland
Taylor Morrison (mls Only)
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161286
Last Updated: 11/17/2020
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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