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11422 E Quade Avenue Mesa, AZ 85212

4 Beds 2 Baths 2,175 sqft Built 2001

$449,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $206.44
  • 4 Days on Market
  • MLS # : 6200905
  • Updated Date : 03/05/2021 at 16:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,175 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

This remarkable 4 bed, 2 bath home in Mesa is a dream come true. Highly upgraded interior providing beautiful wood-like tile, spacious family room with dining area, a massive great room with a beautiful and contemporary accent wall. The completely remodeled kitchen is the focal point with its dreamy pallete, gorgeous light fixtures, gleaming counter-tops, counter to ceiling back-splash, large centered island w/breakfast bar, new cabinetry, apron front skirt, and gorgeous upgraded hardware. Inside this spacious master suite, you'll find a lavish bathroom with his & her sinks and walk-in closet. Beautiful grassy backyard is ideal for entertainers, with a private pool and seating area with fire-pit. Home features an RV gate with huge side yard. See the document tab for a full list of upgrades

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
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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,560
Property Tax -$271
Property Insurance -$70
HOA -$54
Property Management Fees -$99
CASH FLOW
-$293

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.

$449,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.39%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,079

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,756

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6253$1,7504$1,7605$1,825
$1,825
RENT COMPS ANALYSIS
  • 11422 E Quade Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.81
    •  
  • 3912 S Emery Circle Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2002
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
  • 11256 E Quade Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 2001
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.85
    •  
  • 11533 E Quicksilver Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 2001
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 11436 E Prairie Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.80
    •  
PROPERTY LISTING DETAILS
Arrielle Fernandez
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6200905
Last Updated: 03/05/2021
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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