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11013 E Sutter Avenue Mesa, AZ 85212

4 Beds 3 Baths 2,454 sqft Built 2011

$400,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $163.00
  • 4 Days on Market
  • MLS # : 6189750
  • Updated Date : 02/05/2021 at 17:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,454 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

Look no farther this home has it all with 4 bedrooms and 3 full bathrooms. Pride of ownership shows throughout this lovely home, it is IMMACULATE with TONS of upgrades. Downstairs you will find a cozy family room with custom woodwork all around, in the kitchen there are GORGEOUS staggered cabinets with a one of a kind pantry door not to forget the bedroom and full bathroom. The master retreat is located on the second floor with a beautifully tiled walk in shower, dual sink vanity, his & hers closets, along with TWO linen closets. Also, upstairs is a loft, 2 large bedrooms, a full bathroom and laundry room! Enjoy your fully landscaped backyard with an extended paver patio. Don't miss this phenomenal opportunity to own a model like home!

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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,389
Property Tax -$292
Property Insurance -$75
HOA -$75
Property Management Fees -$99
CASH FLOW
-$141

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.

$400,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$12,319

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $1,945

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7903$1,8004$1,9505$1,995
$1,995
RENT COMPS ANALYSIS
  • 11013 E Sutter Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,454 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.73
    •  
  • 11052 E Topaz Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2015 4 beds 2 baths ∙ 2,154 Sqft ∙ Built 2015
    LEASED 11/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 11310 E Shelley Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 2010
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.72
    •  
  • 10914 E Bella Viaduct Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,283 Sqft ∙ Built 2006
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 4509 S Antonio -- Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
PROPERTY LISTING DETAILS
Mike Schude
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189750
Last Updated: 02/05/2021
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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