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11252 E Pampa Avenue Mesa, AZ 85212

3 Beds 3 Baths 2,180 sqft Built 2015

$485,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $222.48
  • 2 Days on Market
  • MLS # : 6185513
  • Updated Date : 02/06/2021 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,180 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Lovely curb appeal for this lovely 3 bed, plus den 2.5 bath home located SSV. Too many upgrades to list including plantation shutters, upgraded carpet & tile flooring. Open concept living is great for entertaining. The eat-in kitchen has custom alderwood cabinets, beautiful Cambria counters, breakfast bar, SS appliances, and a walk-in pantry. Home office. Powder room. Sizable bedrooms. The primary bedrooms has a coffered ceilings, 3/4 bath with a double vanity, glass block step-in shower, Dual vanity and a walk-in closet. Interior laundry. The serene backyard is fenced, and has an extended covered patio. This immaculate home is a must see! Furnishings available on separate bill of sale.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k340k

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

Neighborhood: Sunland Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181746

* 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
 

$436,500$533,500$485,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,685
Property Tax -$293
Property Insurance -$70
HOA -$5
Property Management Fees -$99
CASH FLOW
-$241

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.

$485,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.6%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$12,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7503$1,8254$1,9105$2,095
$2,095
RENT COMPS ANALYSIS
  • 11252 E Pampa Avenue Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,180 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.88
    •  
  • 11434 E Nido Avenue Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,051 Sqft ∙ Built 2003
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 11533 E Quicksilver Avenue Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001
    property image
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 11436 E Prairie Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001
    property image
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.80
    •  
  • 11430 E Prairie Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001
    property image
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
PROPERTY LISTING DETAILS
Anastasia Gervasi
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185513
Last Updated: 02/06/2021
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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