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10910 E Oro Avenue Mesa, AZ 85212

2 Beds 2 Baths 1,922 sqft Built 2008

INVESTimate

$428,000

List Price

$2,490

$2,241 - $2,739

Rent Est.

$443,280  ( +3.57%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $222.68
  • 4 Days on Market
  • MLS # : 6118178
  • Updated Date : 08/24/2020 at 14:42
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,922 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Every Now and Then an Exceptional Home Becomes Available, this is One of them. One of the Most popular Expanded Split Floor Plan Models in the Highly Sought after Active Adult Community of Sunland Springs Village. Home has been Gently Lived in and is Highly Upgraded. Block Wall Construction, Vaulted Great Room. Kitchen Features Kitchen Island and Walk in Pantry. This Exquisite Home is Offered Turn Key/Fully Furnished.Attractive Curb Appeal and Outstanding Tiled Front Entry. Call Today for Private Showing.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k340k

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

Neighborhood: Sunland Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181746

* 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
 

$385,200$470,800$428,000

PURCHASE PRICE

$2,241$2,739$2,490

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$1,579
Property Tax -$258
Property Insurance -$65
HOA -$55
Property Management Fees -$99
CASH FLOW
$434

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.

$428,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.57%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,170

INVESTMENT

$119,170

Down Payment
$107,000
Rehab Estimate
$5,750
Closing Costs
$6,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,579

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,000
Loan Amount $321,000
See What Happens When You Reinvest Cash Flow

11.08

YEARS SAVED

$82,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,490

    LIST RENT
  • $1.3

    LIST RENT PER SQFT
  • $3,267

    COMP ESTIMATED VALUE
  • $1.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,490
1$2,4902$2,900
$2,900
RENT COMPS ANALYSIS
  • 10910 E Oro Avenue Mesa, 1
    • 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 2008 2 beds 2 baths ∙ 1,922 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $1.30
    •  
  • 11360 E Keats Avenue #43 Mesa, 2
    • 2 beds 2 baths ∙ 1,704 Sqft ∙ Built 2003 2 beds 2 baths ∙ 1,704 Sqft ∙ Built 2003
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.70
    •  
PROPERTY LISTING DETAILS
Jim E Smith
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118178
Last Updated: 08/24/2020
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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