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11128 E Roselle Avenue Mesa, AZ 85212

5 Beds 3 Baths 3,556 sqft Built 2010

$624,999

List Price

$2,560

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $175.76
  • 3 Days on Market
  • MLS # : 6206029
  • Updated Date : 03/13/2021 at 16:55
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,556 sqft
  • Baths : 3 full
Listing Agent

Hunt Real Estate Era

Listing Agent's Description

Beautiful LARGE home in the rare and highly desirable East Mesa community of Highland Ridge/Nova Vista. This home boasts a lot of living space in both living and family rooms, and a huge extended loft - which is perfect for game room entertainment. Kitchen is a chef's delight with two double ovens, stainless steel appliances, quartz countertops, breakfast bar, and eat in kitchen. Spacious bedrooms with plantation shutters and three full baths. Large master suite even features two separate walk-in closets, dual sinks, and separate tub and shower. Kick back and relax in the resort-like backyard with sparkling pool and waterfall, built-in BBQ, open patio dining, and an easy maintenance yard with RV gate to the side. This is the home you've been looking for!

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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

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

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$562,499$687,499$624,999

PURCHASE PRICE

$2,304$2,816$2,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,560
EXPENSES Loan Payment -$2,171
Property Tax -$377
Property Insurance -$96
HOA -$101
Property Management Fees -$99
CASH FLOW
-$285

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.

$624,999

PROJECTED PRICE

$2,560

PROJECTED RENT

0.41%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,375

INVESTMENT

$171,375

Down Payment
$156,250
Rehab Estimate
$5,750
Closing Costs
$9,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,171

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $156,250
Loan Amount $468,749
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$16,013

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
  • $2,904

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,6504$3,500
$3,500
RENT COMPS ANALYSIS
  • 11128 E Roselle Avenue Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2010 5 beds 3 baths ∙ 3,556 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11146 E Rafael Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 11340 E Solina Circle Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
  • 11105 E Reginald Avenue Mesa, AZ 4
    • 5 beds 4 baths ∙ 3,700 Sqft ∙ Built 2011 5 beds 4 baths ∙ 3,700 Sqft ∙ Built 2011
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jill Debord
Hunt Real Estate Era
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206029
Last Updated: 03/13/2021
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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