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10556 E Tarragon Avenue Mesa, AZ 85212

4 Beds 4 Baths 2,762 sqft Built 2020

INVESTimate

$588,292

List Price

$2,530

$2,280 - $2,780

Rent Est.

$622,766  ( +5.86%)   1 YR EST. FORECAST

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2020
  • Price/Sqft : $212.99
  • 2 Days on Market
  • MLS # : 6122460
  • Updated Date : 08/25/2020 at 15:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,762 sqft
  • Baths : 4 full
Listing Agent

Taylor Morrison (mls Only)

Listing Agent's Description

New home ready November 2020! Located within The Estates at Eastmark. A gated community with it's own pool, clubhouse with workout facility. Single level home with attached casita area. Casita consists of bedroom, walk-in closet, private bath, kitchenette and sitting room. Access to main home. Home is beautifully done by our professional design team, with Maple cabinets, granite, double ovens, gas cooktop. Baths will have granite and upgraded tile. Wood look tile and upgraded carpet complete the look.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85212

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Zip Code: 85212

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
 

$529,463$647,121$588,292

PURCHASE PRICE

$2,277$2,783$2,530

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.2M$1.4M$1.6M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,171
Property Tax -$545
Property Insurance -$81
HOA -$156
Property Management Fees -$99
CASH FLOW
-$521

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$588,292

PROJECTED PRICE

$2,530

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.86%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$157,897

INVESTMENT

$157,897

Down Payment
$147,073
Rehab Estimate
$2,000
Closing Costs
$8,824

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $147,073
Loan Amount $441,219
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,686

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
  • $2,486

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,2504$2,3505$2,550
$2,550
RENT COMPS ANALYSIS
  • 10556 E Tarragon Avenue Mesa, 1
    • 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 2020 4 beds 4 baths ∙ 2,762 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9809 E Solstice Avenue Mesa, 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
  • 4855 S Tune -- Mesa, 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2018
    property image
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 10217 E Ampere Avenue Mesa, 4
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 10739 E Sheffield Drive Mesa, 5
    • 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Brandon Cleveland
Taylor Morrison (mls Only)
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122460
Last Updated: 08/25/2020
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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