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11117 E Segura Avenue Mesa, AZ 85212

4 Beds 4 Baths 2,550 sqft Built 2008

INVESTimate

$370,000

List Price

$1,950

$1,755 - $2,145

Rent Est.

$394,013  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $145.10
  • 6 Days on Market
  • MLS # : 6106950
  • Updated Date : 08/23/2020 at 11:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,550 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Located in the Tuscan-inspired Bella Via community, this 4-bedroom 3.5-bath home has cavernous living space complete with loft and LARGE bedrooms. As you enter, you are greeted by a large front room with dining, perfect for hosting and relaxing. Proceed into the kitchen with island, granite countertop, gas cooktop and double oven. Then, feel the home truly open its arms as the ceiling soars to the second story when you pass into the living room. Retreat to the owner's suite to relax or head upstairs to hang out in the large loft or visit one of the three huge bedrooms.Enjoy backyard privacy with no back door neighbor. Just a short walk to neighborhood parks and the famous Bella Via Fountain. This home is prewired with camera systems. Too many things to list here. Come see for yourself!

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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,365
Property Tax -$270
Property Insurance -$77
HOA -$75
Property Management Fees -$99
CASH FLOW
$64

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.

$370,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$32,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$1,9954$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 11117 E Segura Avenue Mesa, 2
    • 4 beds 4 baths ∙ 2,550 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,550 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 11334 E Stearn Avenue Mesa, 1
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2006
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.84
    •  
  • 4509 S Antonio -- Mesa, 3
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 11417 E Rafael Avenue Mesa, 4
    • 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,289 Sqft ∙ Built 2002
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 11542 E Shepperd Avenue Mesa, 5
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Andrew K Bradford
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6106950
Last Updated: 08/23/2020
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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