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11366 E Rembrandt Avenue Mesa, AZ 85212

6 Beds 5 Baths 5,261 sqft Built 2003

$575,000

List Price

$2,980

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $109.29
  • 4 Days on Market
  • MLS # : 6191734
  • Updated Date : 02/12/2021 at 20:16
CONSTRUCTION
  • Beds : 6
  • Floor Size : 5,261 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Located in Mesa, but in the GILBERT school district, this 2 story home has all the room you need and more. With 6 bedrooms and 4.5 bathrooms this home offers plenty of space for the whole family. A guest suite on the first floor with it's own private bathroom is perfect for out of town visitors. This home also offers a formal living and dining room, first floor office and an additional bonus room upstairs. The backyard includes a pool, play area, covered patio and lots of extra room for entertaining. With no homes directly behind it, you'll never get tired of the gorgeous views. Brand new AC and pool pump. Schedule your showing before it's gone!!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $109k422k

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

Neighborhood: Mountain Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342229

* 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
 

$517,500$632,500$575,000

PURCHASE PRICE

$2,682$3,278$2,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,980
EXPENSES Loan Payment -$1,997
Property Tax -$347
Property Insurance -$130
HOA -$16
Property Management Fees -$99
CASH FLOW
$391

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.

$575,000

PROJECTED PRICE

$2,980

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.1%
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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k

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$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,997

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,750
Loan Amount $431,250
See What Happens When You Reinvest Cash Flow

8.83

YEARS SAVED

$70,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,980

    LIST RENT
  • $0.57

    LIST RENT PER SQFT
  • $3,472

    COMP ESTIMATED VALUE
  • $0.66

    COMP AVG. RENT PER SQFT
Comps Range
$2,980
1$2,9802$3,680
$3,680
RENT COMPS ANALYSIS
  • 11366 E Rembrandt Avenue Mesa, AZ 1
    • 6 beds 5 baths ∙ 5,261 Sqft ∙ Built 2003 6 beds 5 baths ∙ 5,261 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,980
    • $0.57
    •  
  • 10349 E Thornton Avenue Mesa, AZ 2
    • 6 beds 5 baths ∙ 5,606 Sqft ∙ Built 2019 6 beds 5 baths ∙ 5,606 Sqft ∙ Built 2019
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,680
    • $0.66
    •  
PROPERTY LISTING DETAILS
Kelly Lyon
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191734
Last Updated: 02/12/2021
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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