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

10601 E Naranja Avenue Mesa, AZ 85209

4 Beds 3 Baths 2,897 sqft Built 2017

$485,000

List Price

$2,260

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $167.41
  • 3 Days on Market
  • MLS # : 6186874
  • Updated Date : 01/30/2021 at 16:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,897 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Location location location!! 4 Bdrm, 2.5 Ba, loft, open floorplan and large grassy backyard! Home is decked out in the most desirable finishes, pendant lighting, granite countertops and white subway backsplash. Stainless appliances and lots of recessed lighting. Huge master with large walkin closet. Oversized loft upstairs perfect for an office, tv room, or playroom! Mulberry is one of the premier locations in Mesa. New development with white picket fences, tons of paths to walk, ride your bike, parks to play, community pool, and amazing neighbors!

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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

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

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,685
Property Tax -$293
Property Insurance -$84
HOA -$131
Property Management Fees -$99
CASH FLOW
-$31

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.

$485,000

PROJECTED PRICE

$2,260

PROJECTED RENT

0.47%

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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$25,371

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,462

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,2604$2,2955$2,495
$2,495
RENT COMPS ANALYSIS
  • 10601 E Naranja Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,897 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.78
    •  
  • 2021 S Esmeralda Circle Mesa, AZ 1
    • 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
    •  
  • 9462 E Juanita Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,704 Sqft ∙ Built 1997
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.83
    •  
  • 10132 E Rubidium Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
  • 10547 E Relativity Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
PROPERTY LISTING DETAILS
Gwendolyn Miriani
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186874
Last Updated: 01/30/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy