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10628 E Camino Circle Mesa, AZ 85207

3 Beds 2 Baths 1,347 sqft Built 2001

$295,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $219.01
  • 5 Days on Market
  • MLS # : 6153366
  • Updated Date : 11/01/2020 at 08:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,347 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

This popular single level floor plan features 3 bedrooms, 2 bathrooms & sits on a large corner lot with North/South exposure. The kitchen offers matching stainless steel appliances, plenty of cabinet & counter space, and a pantry along with room for a full size kitchen table. The split master bedroom shines with a walk-in closet & ensuite bathroom with dual sinks and shower/tub. On the other side of the great room you'll find a generous laundry room with included washer & dryer, a guest bedroom that can also be used as an office, a shared bathroom with shower and tub, and a 3rd bedroom with walk-in closet. With premium corner lot placement at the entrance of a cul-de-sac, you'll enjoy all the benefits of having no neighbors directly in front of the home, or to the one side. This...

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PRICE & RENT TRENDS

Neighborhood: Superstition Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: Superstition Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$1,088
Property Tax -$155
Property Insurance -$53
HOA -$42
Property Management Fees -$99
CASH FLOW
-$158

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.

$295,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,977

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,408

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,4003$1,4504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 10628 E Camino Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,347 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.95
    •  
  • 10439 E Azalea Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1999
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 341 N 103rd Street Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,343 Sqft ∙ Built 2000
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.08
    •  
  • 162 S 110th Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 1,540 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,540 Sqft ∙ Built 2001
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 10636 E Bramble Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,579 Sqft ∙ Built 1998
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.01
    •  
PROPERTY LISTING DETAILS
Mindy Jones Nevarez
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153366
Last Updated: 11/01/2020
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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