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11054 E Decatur Street Mesa, AZ 85207

4 Beds 2 Baths 2,253 sqft Built 2003

$489,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $217.04
  • 2 Days on Market
  • MLS # : 6199684
  • Updated Date : 02/27/2021 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,253 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

This home is gone in a minute so do not delay!! Great single level home w/3 car garage on a corner lot in Adobe Estates. This home lives big and provides 4 spacious bedrooms, great room area with breakfast nook and eat up bar! Fabulous built in cabinetry, new appliances including washer and dryer and new carpet. Outside resort like backyard with play pool (removable pool fence in garage) and built in BBQ area. Garage is large with wall of built in cabinetry. Ceiling storage racks and walk door to backyard. Great East Mesa location easily accessible to the US 60, Loop 202, shopping, hiking, fishing, boating, golfing and much more!

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85207

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Zip Code: 85207

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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,698
Property Tax -$254
Property Insurance -$71
HOA -$18
Property Management Fees -$99
CASH FLOW
-$150

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.

$489,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,856

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,769

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,6954$1,7955$1,990
$1,990
RENT COMPS ANALYSIS
  • 11054 E Decatur Street Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,253 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.88
    •  
  • 11018 E Cholla Road Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.81
    •  
  • 344 N Chatsworth Circle Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 05/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.76
    •  
  • 453 N 105th Place Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,373 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 11430 E Dover Street Mesa, AZ 4
    • 5 beds 2 baths ∙ 2,094 Sqft ∙ Built 1999 5 beds 2 baths ∙ 2,094 Sqft ∙ Built 1999
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Debra K Mclean
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199684
Last Updated: 02/27/2021
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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