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10605 E Naranja Avenue Mesa, AZ 85209

5 Beds 4 Baths 2,966 sqft Built 2017

$509,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $171.61
  • 4 Days on Market
  • MLS # : 6158792
  • Updated Date : 11/20/2020 at 17:53
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,966 sqft
  • Baths : 4 full
Listing Agent

Exp Realty

Listing Agent's Description

If you're looking for room for the entire family....search no more! Built by Blandford in 2017, this home features 5 bedrooms, 4 bathrooms, loft, just shy of 3,000 sf, and room to play in the backyard. 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! You're going to love your new home.Welcome home!

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
 

$458,100$559,900$509,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,878
Property Tax -$307
Property Insurance -$85
HOA -$131
Property Management Fees -$99
CASH FLOW
-$480

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.

$509,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.40%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,635

INVESTMENT

$140,635

Down Payment
$127,250
Rehab Estimate
$5,750
Closing Costs
$7,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,878

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,250
Loan Amount $381,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.68

    LIST RENT PER SQFT
  • $2,276

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$2,020
1$2,0202$2,0993$2,1994$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 10605 E Naranja Avenue Mesa, AZ 1
    • 5 beds 4 baths ∙ 2,966 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,966 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.68
    •  
  • 11405 E Rafael Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.77
    •  
  • 11340 E Ramblewood Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.76
    •  
  • 2062 S Sabrina Street Mesa, AZ 4
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 2021 S Esmeralda Circle Mesa, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Zachary Cates
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158792
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.

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