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10741 E Kilarea Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,321 sqft Built 2004

$335,000

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $253.60
  • 2 Days on Market
  • MLS # : 6203345
  • Updated Date : 03/06/2021 at 01:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,321 sqft
  • Baths : 1 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Located in the coveted area of Mesa that has Mesa taxes but Gilbert schools. This 3 bedroom 2 bath home offers granite counter tops in the kitchen, under-mount sink, built in microwave, pantry and plenty of cabinets. Newer stainless steel appliances, upgraded lighting, 9'ceilings, ceiling fans and wired for a security. Split Master floor plan - master bath has double sinks and walk-in shower with bench seat. Tile everywhere except the bedrooms. The front yard has desert landscaping and there is a double side gate to the back yard. The backyard has room to let your imagination run wild and plenty of room for a pool. Nearby you will find shopping, theaters, and parks.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages of Eastridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Villages of Eastridge

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
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,164
Property Tax -$202
Property Insurance -$53
HOA -$25
Property Management Fees -$99
CASH FLOW
-$222

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.

$335,000

PROJECTED PRICE

$1,320

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,341

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,4503$1,4504$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 10741 E Kilarea Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,321 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.00
    •  
  • 10135 E Isleta Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2005
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 1635 S Laramie -- Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,495 Sqft ∙ Built 2005
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.97
    •  
  • 2565 S Signal Butte Road #7 Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 2003
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.06
    •  
  • 10204 E Isleta Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,417 Sqft ∙ Built 2005
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.06
    •  
PROPERTY LISTING DETAILS
Amber Perks
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203345
Last Updated: 03/06/2021
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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