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10458 E Monterey Avenue 
Mesa, AZ
85209
5 Beds 3 Baths 2,435 sqft
Built 2015
INVESTimate
$425,000
List Price
$118,375
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PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $174.54
- 2 Days on Market
- MLS # : 6122107
- Updated Date : 08/25/2020 at 22:44
CONSTRUCTION
- Beds : 5
- Floor Size : 2,435 sqft
- Baths : 3 full
Listing Agent
Berkshire Hathaway Homeservices Arizona Properties
Listing Agent's Description
This home is a dream! Looking for a new place to call home?Call today & schedule a showing!This fabulous single story 5 bed, 3 bath property has a great room floor plan, with neutral colors throughout.Open and bright Kitchen with Granite countertops, tile backsplash, matching stainless steel appliances, and island with breakfast bar. The spacious master bedroom comes, with a large walk-in closet and full bath with double sinks, separate tub and shower. Country Club style living! 2 Mulberry bikes included w/sale. Gilbert School District but lower Mesa Taxes & NO CFD Tax.Professionally and fully landscaped, pavers on both sides of home and back patio! Energy efficient and smart home features.
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PRICE & RENT TRENDS
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Mesa
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,030 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$259 | |
| Property Insurance | -$75 | |
| HOA | -$131 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$102
|
||
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.
$425,000
PROJECTED PRICE
$2,030
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 6.49% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.33
YEARS SAVED
$20,682
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,030
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,204
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
10458 E Monterey Avenue Mesa, 3
- 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,435 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $2,030
- $0.83
-
2633 S Tobin -- Mesa, 1
- 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
LEASED 11/01/19- Rent
- Rent Per SQFT
- $1,895
- $0.88
-
10550 E Mendoza Avenue Mesa, 2
- 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 2016
LEASED 12/12/19- Rent
- Rent Per SQFT
- $1,995
- $0.81
-
10509 E Olla Avenue Mesa, 4
- 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000
LEASED 01/31/20- Rent
- Rent Per SQFT
- $2,095
- $0.93
-
10607 E Meseto Avenue Mesa, 5
- 5 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,594 Sqft ∙ Built 2017
LEASED 09/01/19- Rent
- Rent Per SQFT
- $2,600
- $1.00
PROPERTY LISTING DETAILS
Berkshire Hathaway Homeservices Arizona Properties
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122107
Last Updated: 08/25/2020
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.
