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10731 E Emelita Avenue Mesa, AZ 85208

3 Beds 2 Baths 1,879 sqft Built 1998

$397,777

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $211.70
  • 2 Days on Market
  • MLS # : 6212958
  • Updated Date : 03/26/2021 at 22:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,879 sqft
  • Baths : 2 full
Listing Agent

Realty Executives

Listing Agent's Description

THOUSANDS BELOW APPRAISAL! CHARMING! 3 bedroom, 2 bath, 3 garage, 1879 sf home nestled in the sought-after community of Parkwood Ranch w/fabulous mountain views & stunning, artistic Arizona sunsets! This community is located in a top excelling School district of Mesa! You are welcomed w/picturesque views of the POOL & lushly landscaped RESORT STYLE backyard! Light, bright, open, spacious split floor plan w/arched openings, soaring ceilings, art & media niches! Updated wood plank tile flooring! GRANITE Counter-tops! Open, spacious eat-in kitchen w/island, breakfast bar, smooth-top range, B-I microwave, pantry & counter space galore! Master w/walk-in closet, oversized dressing area, relaxing garden tub, sep shower, dbl sinks, tons of cabs & vanity counter space!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Forecast at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Forecast at Parkwood Ranch

NeighborhoodNIR 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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

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

$357,999$437,555$397,777

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$1,382
Property Tax -$206
Property Insurance -$64
HOA -$17
Property Management Fees -$99
CASH FLOW
-$248

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$397,777

PROJECTED PRICE

$1,520

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,161

INVESTMENT

$111,161

Down Payment
$99,444
Rehab Estimate
$5,750
Closing Costs
$5,967

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,382

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,444
Loan Amount $298,333
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,672

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,490
1$1,4902$1,5203$1,6004$1,6005$1,775
$1,775
RENT COMPS ANALYSIS
  • 10731 E Emelita Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,879 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.81
    •  
  • 10630 E Bramble Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1998
    LEASED 11/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.87
    •  
  • 10065 E Capri Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 10129 E Carmel Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 10718 E Arbor Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,994 Sqft ∙ Built 2000
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.89
    •  
PROPERTY LISTING DETAILS
Amy Laidlaw
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212958
Last Updated: 03/26/2021
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.

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