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11120 E Quarry Avenue Mesa, AZ 85212

3 Beds 3 Baths 2,548 sqft Built 2010

$499,999

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $196.23
  • 3 Days on Market
  • MLS # : 6177331
  • Updated Date : 01/23/2021 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bliss Realty & Investments

Listing Agent's Description

Resort living at its finest, this stunning world-class home is nestled in the desirable Mesa location, near exclusive Apple facility. Its quality of build and exquisite architectural detail are unrivaled. Over 13,450 square feet of land & offers 3+bedrooms, a loft & 2.5 powder rooms, as well as countless amenities. Featuring a majestic grand foyer, large dining, massive family room with soaring ceilings. The spacious kitchen is exquisitely designed and includes an island with granite counter tops. 3 car garage with epoxy floors and complete with custom cabinets.

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
Meridian Elementary School Primary Regular 982 50 9
Meridian Elementary School Middle Regular 982 50 9
Desert Ridge High School High Regular 2,752 119 6

Meridian Elementary School

  • Education Level: Primary
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Meridian Elementary School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$449,999$549,999$499,999

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 -$1,737
Property Tax -$302
Property Insurance -$77
HOA -$34
Property Management Fees -$99
CASH FLOW
-$258

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.

$499,999

PROJECTED PRICE

$1,990

PROJECTED RENT

0.40%

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$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $374,999
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$11,566

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
  • $0.78

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9903$2,0004$2,0995$2,199
$2,199
RENT COMPS ANALYSIS
  • 11120 E Quarry Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.78
    •  
  • 11455 E Peterson Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2002
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.78
    •  
  • 10828 E Ramblewood Circle Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,297 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,297 Sqft ∙ Built 2010
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 11405 E Rafael Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.77
    •  
  • 11340 E Ramblewood Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.76
    •  
PROPERTY LISTING DETAILS
Mara Benson
Bliss Realty & Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177331
Last Updated: 01/23/2021
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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