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11065 E Shepperd Avenue Mesa, AZ 85212

4 Beds 3 Baths 2,474 sqft Built 2012

$375,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $151.58
  • 3 Days on Market
  • MLS # : 6167855
  • Updated Date : 12/04/2020 at 16:27
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,474 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

WELCOME TO COMMUNITY LIVING! Bella Via is a dream neighborhood, with nearby parks, shopping, & dining. As you arrive, you'll appreciate the mature tree lined street & cared for properties. Come inside 11065 E Shepperd, there's a lot to see. Work from home in the downstairs den/office space, or relax in the expanded great room (open layout) with fantastic kitchen featuring a granite breakfast island, stainless steel appliances, upgraded 42'' cabinets with crown molding, and a large pantry. Upstairs, you'll find a HUGE loft, plus four bedrooms & inside laundry. The owner's suite is oversized, plenty of room to breathe. Duel sinks in both bathrooms, separate shower/tub in owner's suite. Out back, you'll be living in paradise among the fruit trees, bushes, & veggie gardens. You'll love it here

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,384
Property Tax -$274
Property Insurance -$75
HOA -$75
Property Management Fees -$99
CASH FLOW
$93

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.

$375,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k$20k

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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$35,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,146

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0004$2,2005$2,550
$2,550
RENT COMPS ANALYSIS
  • 11065 E Shepperd Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4509 S Antonio -- Mesa, AZ 2
    • 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
    •  
  • 11417 E Rafael Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2002
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 11542 E Shepperd Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 10739 E Sheffield Drive Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,661 Sqft ∙ Built 2017
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jason Crittenden
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167855
Last Updated: 12/04/2020
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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