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10423 E El Moro Avenue Mesa, AZ 85208

5 Beds 3 Baths 3,088 sqft Built 2002

$450,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $145.73
  • 8 Days on Market
  • MLS # : 6185104
  • Updated Date : 02/12/2021 at 02:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,088 sqft
  • Baths : 3 full
Listing Agent

Brokers Hub Realty, Llc

Listing Agent's Description

SHOWINGS BEGIN 2/11/2021. A home with Flexibility! This home has it all! The tranquility and relaxation of snuggling up on a cold winter's night outside by the fire, the sound of gentle water flowing through the fountain, hard-to-find privacy with no homes behind you! Enjoy your built-in BBQ and outdoor meals in privacy, as this home backs to a lovely greenbelt! A touch of elegance with stamped concrete. BOTH AC UNITS and the ROOF NEW in 2018!!! The patio was reinforced during construction for a future walkout deck. Upstairs you will find a Beautiful Master Suite with 3 additional impressively LARGE bedrooms! Master: 22'10'' x 16'3''. Secondary Bedrooms: 12'8'' x 12'', 12'5'' x 12'', 11''11'' x 10'11''. The downstairs oversized Suite, 18'3 x 12'6'', with a

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PRICE & RENT TRENDS

Neighborhood: Ironwood at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k361k

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

Neighborhood: Ironwood at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10342059

* 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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,563
Property Tax -$234
Property Insurance -$87
HOA -$17
Property Management Fees -$99
CASH FLOW
$90

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$450,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
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$0.0$5.0k$10k$15k$20k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$33,828

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
  • $2,285

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1503$2,2004$2,500
$2,500
RENT COMPS ANALYSIS
  • 10423 E El Moro Avenue Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,088 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,088 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10549 E Bogart Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 1999
    LEASED 10/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 2062 S Sabrina Street Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 10743 E Medina Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2004
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Cindy Frisch
Brokers Hub Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185104
Last Updated: 02/12/2021
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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