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11038 E Travertine Avenue Mesa, AZ 85212

5 Beds 4 Baths 4,368 sqft Built 2016

$679,500

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $155.56
  • 3 Days on Market
  • MLS # : 6161296
  • Updated Date : 11/21/2020 at 20:28
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,368 sqft
  • Baths : 3 full , 1 half
Listing Agent

Superlative Realty

Listing Agent's Description

Welcome home to this highly upgraded family home in beautiful Bella Via. Gourmet kitchen with huge island and chef's appliances including wall oven & high end gas cooktop. Butlers pantry AND walk-in pantry. Huge great room down and 2-section loft up. Large paved courtyard + outside dining/living space w stone fireplace. AND a separate detached guest space w so much flexibility (man cave, office suite) Also a downstairs Master w gorgeous high end bath & 2 walk in closets. An office/den with shiplap wall & french doors plus a formal dining room. Upstairs 4 bedooms and 2 baths, one a jack and jill. Each bedroom has walk-in closet. Gorgeous pool built 2019, lush landscaping plus artificial grass and custom wood walls. 3 car garage & LOADS of storage thru-out the home. You will love it!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85212

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Zip Code: 85212

ZipNIR 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
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
 

$611,550$747,450$679,500

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$2,507
Property Tax -$421
Property Insurance -$106
HOA -$75
Property Management Fees -$99
CASH FLOW
-$768

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.

$679,500

PROJECTED PRICE

$2,440

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$185,818

INVESTMENT

$185,818

Down Payment
$169,875
Rehab Estimate
$5,750
Closing Costs
$10,193

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,507

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $169,875
Loan Amount $509,625
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,510

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.6

    LIST RENT PER SQFT
  • $2,734

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$2,440
1$2,4402$2,6003$2,6994$2,700
$2,700
RENT COMPS ANALYSIS
  • 11038 E Travertine Avenue Mesa, AZ 1
    • 5 beds 4 baths ∙ 4,040 Sqft ∙ Built 2016 5 beds 4 baths ∙ 4,040 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.60
    •  
  • 11361 E Spaulding Avenue Mesa, AZ 2
    • 5 beds 4 baths ∙ 3,841 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,841 Sqft ∙ Built 2007
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.68
    •  
  • 10539 E Thornton Avenue Mesa, AZ 3
    • 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2019
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.71
    •  
  • 11226 E Sandoval Avenue Mesa, AZ 4
    • 5 beds 5 baths ∙ 4,214 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,214 Sqft ∙ Built 2017
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.64
    •  
PROPERTY LISTING DETAILS
Jill A Kelly
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161296
Last Updated: 11/21/2020
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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