Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10533 E Sanger Avenue Mesa, AZ 85212

4 Beds 3 Baths 3,282 sqft Built 2014

$550,000

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $167.58
  • 3 Days on Market
  • MLS # : 6162888
  • Updated Date : 11/20/2020 at 11:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,282 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

This is the perfect Eastmark home. Situated in a completed neighborhood this 4 bedroom 3 bath single story is ready for you to call it home. As you walk through the courtyard you see the access to the main part of the home and double doors to your office. Entering the home you are greeted with a grand hallway that leads to the main living area with the large open greatroom and Kitchen. The island is one of the largest you will see, giving the home chef plenty of work space, of course the butlers pantry and all cabinet space is a bonus. The master retreat is large enough for a king and sitting area along with the Master bath with separate tub and shower. This home also has an additional bonus room, large laundry area, and amazing large back yard. Don't forget to check out the Virtual Tour.

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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,029
Property Tax -$509
Property Insurance -$91
HOA -$100
Property Management Fees -$99
CASH FLOW
-$448

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.

$550,000

PROJECTED PRICE

$2,380

PROJECTED RENT

0.43%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,747

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,380

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,535

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,380
1$2,3802$2,4003$2,4994$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 10533 E Sanger Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2014 4 beds 3 baths ∙ 3,282 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.73
    •  
  • 5039 S Selenium Lane Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 10636 E Lumiere Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 3,228 Sqft ∙ Built 2016 3 beds 3 baths ∙ 3,228 Sqft ∙ Built 2016
    LEASED 07/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.77
    •  
  • 10713 E Diffraction Avenue Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 11340 E Solina Circle Mesa, AZ 5
    • 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
PROPERTY LISTING DETAILS
Erik Geisler
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162888
Last Updated: 11/20/2020
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.

BESbswy