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10459 E Naranja Avenue Mesa, AZ 85209

3 Beds 3 Baths 1,730 sqft Built 2018

$360,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $208.09
  • 4 Days on Market
  • MLS # : 6174479
  • Updated Date : 12/24/2020 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,730 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

This home is simply beautiful. Original owners and only 2 years old. This home has all the custom upgrades such as plank tile flooring, dark hard wood cabinets, and granite tops with Stainless appliances and a gas stove / oven. Being located on a large corner lot gives it one of the larger lots in the Mulberry Arbors. With 3 large bedrooms and 2 full bathrooms and laundry upstairs you are left with lots of living area on first floor and a nice sized 1/2 bathroom. The back yard has a large patio area and open to one side with no building to the east. This community has many parks, sports courts, 2 community pools and a large gym and clubhouse. This property is priced to sell quickly and will not last.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k280k

* 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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

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

$324,000$396,000$360,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,328
Property Tax -$217
Property Insurance -$61
HOA -$174
Property Management Fees -$99
CASH FLOW
-$110

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.

$360,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$15,117

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
  • $1,765

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7954$1,7995$1,875
$1,875
RENT COMPS ANALYSIS
  • 10459 E Naranja Avenue Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2929 S Esmeralda -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 2000
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 10457 E Obispo Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 2000
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 2848 S 106th Place Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,880 Sqft ∙ Built 2000
    LEASED 09/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.96
    •  
  • 2742 S Sabrina -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2018
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.08
    •  
PROPERTY LISTING DETAILS
Ray Ferrier
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174479
Last Updated: 12/24/2020
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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