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11011 E Kiva Avenue Mesa, AZ 85209

3 Beds 3 Baths 1,812 sqft Built 2000

$415,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $229.03
  • 3 Days on Market
  • MLS # : 6181602
  • Updated Date : 01/17/2021 at 00:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 3 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Fantastic sought after 3 Bedr. 3 Bath home in lovely area of Sunland Springs. This home boasts of so many extras. Gorgeous entry with large Coat Closet., Great Rm. with Tile flooring throughout, Liv. Rm. & Dining area, kit. and walkways. Large Granite top peninsula overlooks Kit. with all appliances. & Pantry closet. Convenient Laundry off kit. 3 Bedrooms, with new carpeting, 2 larger Master Bedrooms are split with own bathrooms. One with jacuzzi tub, separate shower, walk-in closet. 2 car garage with soft water loop. Lift up blinds in bedrooms and kitchen. Draw blinds in Living and Dining Rm. Enjoy relaxing on lovely front or rear patios, home faces North with desert landscaping , Community has so much to offer, located near shops Restaurants, easy access to freeway.

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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,441
Property Tax -$251
Property Insurance -$63
HOA -$5
Property Management Fees -$99
CASH FLOW
-$218

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.

$415,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.6%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$9,717

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,699

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6403$1,7954$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 11011 E Kiva Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.91
    •  
  • 11069 E Kilarea Avenue #125 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2002
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 1643 S Laramie Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,821 Sqft ∙ Built 2005
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 2633 S Tobin -- Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 2619 S 107th Street Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jean Bodwin
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181602
Last Updated: 01/17/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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