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10246 E Catalyst Avenue Mesa, AZ 85212

5 Beds 3 Baths 3,167 sqft Built 2015

$510,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $161.04
  • 3 Days on Market
  • MLS # : 6196233
  • Updated Date : 02/19/2021 at 14:16
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,167 sqft
  • Baths : 3 full
Listing Agent

Shadow Hawk Realty, Llc

Listing Agent's Description

Taylor Morrison's favored floor plan; the Jazmin features 5 spacious bedrooms, 3 bathrooms- including one bed and full bath on the main level, a private den and inviting loft. The open kitchen features ample storage and counter space with sparkling granite and matching stainless steel appliances. But the part you'll fall in love with awaits you in the backyard!! The sparkling pool, covered patio and large turfed play yard is perfect for hosting plenty of fun in the sun! Located directly across is one of the many neighborhood parks, just a stone throw away from the community center, and less than a mile from freeway access, this amazing home is everything you were looking for, and more! Welcome home!

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
 

$459,000$561,000$510,000

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 -$1,771
Property Tax -$472
Property Insurance -$89
HOA -$98
Property Management Fees -$99
CASH FLOW
-$279

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.

$510,000

PROJECTED PRICE

$2,250

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$15k

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$140,900

INVESTMENT

$140,900

Down Payment
$127,500
Rehab Estimate
$5,750
Closing Costs
$7,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $127,500
Loan Amount $382,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,122

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
  • $0.71

    LIST RENT PER SQFT
  • $2,470

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3503$2,4004$2,5505$2,650
$2,650
RENT COMPS ANALYSIS
  • 10246 E Catalyst Avenue Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.71
    •  
  • 11318 E Sonrisa Avenue Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
  • 5039 S Selenium Lane Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 4622 S Calderon Circle Mesa, AZ 4
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
  • 11340 E Solina Circle Mesa, AZ 5
    • 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
PROPERTY LISTING DETAILS
Maria C Williams
Shadow Hawk Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196233
Last Updated: 02/19/2021
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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