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10614 E Sanger Avenue Mesa, AZ 85212

3 Beds 3 Baths 2,990 sqft Built 2015

INVESTimate

$559,900

List Price

$2,370

$2,133 - $2,607

Rent Est.

$596,238  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $187.26
  • 4 Days on Market
  • MLS # : 6121599
  • Updated Date : 08/23/2020 at 05:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,990 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prosmart Realty

Listing Agent's Description

This is a wonderful home with upgrades galore! The kitchen and main living area of this home are incredible. Oversized island, huge arcadia doors allow for lots of light and indoor/outdoor living which leads into the entertainers backyard. Custom gazebo, bbq, above ground spa, and much much more. Ingenious built in kennel is excellent for pets or storage. Wait until you see the his/hers master bedroom closet. The custom cabinetry and storage are just what you need to stay organized. The closets are connected to the laundry to make your home chores easy peasy. You wont want to miss the opportunity to see this great home.

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
 

$503,910$615,890$559,900

PURCHASE PRICE

$2,133$2,607$2,370

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 $2,370
EXPENSES Loan Payment -$2,066
Property Tax -$518
Property Insurance -$85
HOA -$100
Property Management Fees -$99
CASH FLOW
-$498

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.

$559,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$154,124

INVESTMENT

$154,124

Down Payment
$139,975
Rehab Estimate
$5,750
Closing Costs
$8,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $139,975
Loan Amount $419,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,345

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
  • $2,542

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,4954$2,4995$2,750
$2,750
RENT COMPS ANALYSIS
  • 10614 E Sanger Avenue Mesa, 1
    • 3 beds 3 baths ∙ 2,990 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,990 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11542 E Shepperd Avenue Mesa, 2
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 10547 E Relativity Avenue Mesa, 3
    • 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
    •  
  • 10636 E Lumiere Avenue Mesa, 4
    • 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
    •  
  • 10342 E Aperture Avenue Mesa, 5
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Scott Simas
Prosmart Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6121599
Last Updated: 08/23/2020
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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