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10459 E Idaho Circle E Mesa, AZ 85209

4 Beds 2 Baths 2,378 sqft Built 2001

INVESTimate

$429,900

List Price

$1,910

$1,719 - $2,101

Rent Est.

$453,244  ( +5.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 24, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $180.78
  • 3 Days on Market
  • MLS # : 6121865
  • Updated Date : 08/24/2020 at 12:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,378 sqft
  • Baths : 2 full
Listing Agent

Perfect Choice Real Estate

Listing Agent's Description

Come and see this lovely one owner home in a great neighborhood. Fresh exterior & interior paint. Popular split floor plan with large kitchen open to family room. Pride of ownership shows in this special home. N/S exposure with no neighbors to the east on a large premium cul-de-sac lot. Huge extended kitchen island with extended cabinets, granite counters and updated backsplashes. Roll out shelving in kitchen with breakfast bar and still room for a table in the kitchen. Gas heat and gas water heater. Dual A/C units, ceiling fans in all bedrooms and on the back patio. Non smoker owned. Master bedroom w/huge walk in closet with a large separate tub and shower. Auto cleaning system Pebble Tec play pool with pool filter system replaced in 2017. Extra added ceiling insulation. Don't miss out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crismon Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k320k

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

Neighborhood: Crismon Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181734

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Skyline High School

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

$386,910$472,890$429,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,586
Property Tax -$223
Property Insurance -$74
HOA -$45
Property Management Fees -$99
CASH FLOW
-$117

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.

$429,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$21,421

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,105

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$1,9953$2,1504$2,2005$2,350
$2,350
RENT COMPS ANALYSIS
  • 10459 E Idaho Circle E Mesa, 1
    • 4 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,378 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.80
    •  
  • 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
    •  
  • 2105 S Bristol Street Mesa, 3
    • 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,441 Sqft ∙ Built 2001
    LEASED 07/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.88
    •  
  • 2021 S Esmeralda Circle Mesa, 4
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2004
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 10215 E Los Lagos Vista Avenue Mesa, 5
    • 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,281 Sqft ∙ Built 2003
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.03
    •  
PROPERTY LISTING DETAILS
James Watson
Perfect Choice Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121865
Last Updated: 08/24/2020
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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