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10306 E Revolution Drive Mesa, AZ 85212

3 Beds 2 Baths 1,778 sqft Built 2019

$395,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $222.16
  • 5 Days on Market
  • MLS # : 6166045
  • Updated Date : 12/03/2020 at 09:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,778 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Ready to own a brand new home but don't want to wait for the build time?! This home is only ONE YEAR OLD!!!!! And its been WELL taken care of!! You'll feel right at home when you walk in the front door and see how open, light and bright it is. The split floorplan has two bedrooms, one bathroom and a home office/flex space in the front of the home and the owners suite towards the back. You'll love the gorgeous kitchen, pantry, gas stove and all the kitchen has to offer. The greatroom has a large sliding window wall that allows you to enjoy indoor and outdoor living at the same time. Outside you have a beautifully designed backyward with covered patio, gazebo, artifical turf and you can even see Superstition Mountain over your back wall! Schedule your showing today

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
Canyon Rim Elementary School Primary Regular 929 50 8
Canyon Rim Elementary School Middle Regular 929 50 8
Desert Ridge High School High Regular 2,752 119 6

Canyon Rim Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Canyon Rim Elementary School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Desert Ridge High School

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

$355,500$434,500$395,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,457
Property Tax -$194
Property Insurance -$62
HOA -$262
Property Management Fees -$99
CASH FLOW
-$495

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$395,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.40%

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) 3.00%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$106,675

INVESTMENT

$106,675

Down Payment
$98,750
Rehab Estimate
$2,000
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$377

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,614

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3503$1,6004$1,7755$1,895
$1,895
RENT COMPS ANALYSIS
  • 10306 E Revolution Drive Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11247 E Quarry Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,509 Sqft ∙ Built 2001
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.89
    •  
  • 11251 E Quarry Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 2002
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 11060 E Stearn Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,901 Sqft ∙ Built 2008
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.93
    •  
  • 10950 E Starkey Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2012
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tara R Keator
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166045
Last Updated: 12/03/2020
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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