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10836 E Roselle Avenue Mesa, AZ 85212

4 Beds 3 Baths 2,848 sqft Built 2009

$469,900

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $164.99
  • 2 Days on Market
  • MLS # : 6173048
  • Updated Date : 12/18/2020 at 20:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,848 sqft
  • Baths : 3 full
Listing Agent

Cpa Advantage Realty, Llc

Listing Agent's Description

Move-in ready, well-maintained, original owner home surrounded by single story properties and ideally located on a PREMIUM HOMESITE facing an expansive greenbelt area. Spacious, flexible, Woodside Homes Valencia floor plan with OVER 2,800 SQUARE FEET, 4 bedrooms, 3 bathrooms, SEPARATE DEN/OFFICE, large family room, additional living/dining area, and a split 3 CAR GARAGE! This architecturally appealing home offers generous use of attractive exterior stacked stone, arched front entry door, alarm system, 9 foot ceilings, TAN BROWN GRANITE SLAB COUNTERTOPS, beautiful tile flooring, upgraded cabinets, separate shower/tub in master bathroom, HUGE COVERED PATIO, putting green, and more. New (2019) $7,500+ 14.5 SEER 4 Ton Trane heating and air conditioning unit and fresh interior paint!

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
Meridian Elementary School Primary Regular 982 50 9
Meridian Elementary School Middle Regular 982 50 9
Desert Ridge High School High Regular 2,752 119 6

Meridian Elementary School

  • Education Level: Primary
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Meridian Elementary School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,734
Property Tax -$284
Property Insurance -$83
HOA -$34
Property Management Fees -$99
CASH FLOW
$167

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.

$469,900

PROJECTED PRICE

$2,400

PROJECTED RENT

0.51%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,734

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$52,836

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
  • $2,385

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0993$2,2004$2,2955$2,495
$2,495
RENT COMPS ANALYSIS
  • 10836 E Roselle Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,848 Sqft ∙ Built 2009
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.77
    •  
  • 11542 E Shepperd Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 10132 E Rubidium Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
  • 10547 E Relativity Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,800 Sqft ∙ Built 2018
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
PROPERTY LISTING DETAILS
Paul B Fictum
Cpa Advantage Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6173048
Last Updated: 12/18/2020
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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