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11215 E Renata Avenue Mesa, AZ 85212

5 Beds 3 Baths 3,096 sqft Built 2002

$429,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $138.86
  • 3 Days on Market
  • MLS # : 6160113
  • Updated Date : 11/13/2020 at 18:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,096 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Beautiful 2 story home located next to open greenbelt area on one side of the house, so no neighbor next door for privacy. Large backyard with nice size private pool. Located in very desireable Mountain Ranch community. Features 5 bedrooms and 2.5 baths, with the large master bedroom suite and bath downstairs. Super size loft upstairs big enough for most any use. The large kitchen has nice oak cabinets and all stainless steel appliances.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Mountain Ranch

NeighborhoodNIR 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
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
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,586
Property Tax -$260
Property Insurance -$88
HOA -$54
Property Management Fees -$99
CASH FLOW
-$6

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.

$429,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,586

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$28,517

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
  • $2,307

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1004$2,4505$2,490
$2,490
RENT COMPS ANALYSIS
  • 11215 E Renata Avenue Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,096 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11455 E Quarry Avenue Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,094 Sqft ∙ Built 2001
    property image
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 11445 E Paloma Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2001
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 11318 E Sonrisa Avenue Mesa, AZ 4
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
    property image
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.79
    •  
  • 11425 E Sebring Circle Mesa, AZ 5
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jeffrey T Newman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160113
Last Updated: 11/13/2020
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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