Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

11411 E Starkey Circle Mesa, AZ 85212

4 Beds 3 Baths 2,821 sqft Built 2006

$480,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 16, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $170.15
  • 5 Days on Market
  • MLS # : 6171828
  • Updated Date : 12/16/2020 at 19:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,821 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

GORGEOUS & UPGRADED! BRAND NEW Lennox AC's! CUL-DE-SAC LOT! Fabulous floorplan! The cozy living room features a gas fireplace, vaulted ceilings, opens to the formal dining & den. The kitchen boasts newer stainless appliances, gas range, pantry, & island. Everyone will congregate in the spacious family room & out to the large covered patio w/ built in BBQ. Enjoy surround sound in living, family and master! The oasis backyard has a crystal clear salt pool & lush green grass. The spacious master has lots of natural light, walk-in closet, garden tub, shower & double vanities. Freshly painted, this home looks new! You'll never run out of hot water with two water heaters - one with solar. PLUS - Ring doorbell, My Q Wifi garage door opener! You will LOVE this home - tour today!

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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$432,000$528,000$480,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,771
Property Tax -$351
Property Insurance -$82
HOA -$19
Property Management Fees -$99
CASH FLOW
-$92

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.

$480,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.46%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,950

INVESTMENT

$132,950

Down Payment
$120,000
Rehab Estimate
$5,750
Closing Costs
$7,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,771

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $120,000
Loan Amount $360,000
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$26,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,243

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,099
1$2,0992$2,1993$2,2004$2,2305$2,400
$2,400
RENT COMPS ANALYSIS
  • 11411 E Starkey Circle Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,821 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.79
    •  
  • 11405 E Rafael Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002
    property image
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.77
    •  
  • 11340 E Ramblewood Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.76
    •  
  • 11542 E Shepperd Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
  • 11265 E Sylvan Avenue Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,917 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,917 Sqft ∙ Built 2007
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Lori Thompson-tuter
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171828
Last Updated: 12/16/2020
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.

BESbswy