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11508 E Ramblewood Avenue E Mesa, AZ 85212

5 Beds 3 Baths 3,237 sqft Built 2002

$512,500

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $158.33
  • 4 Days on Market
  • MLS # : 6192694
  • Updated Date : 02/11/2021 at 07:26
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,237 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

You'll be rambling on and on about how amazing this home on Ramblewood is! Stunning and gorgeous home sits on over 3200 sq ft of living space, 5 bedrooms, 3 baths, 3 car garage and upgrades galore! You'll love the pool with a baja step, and multi-color LED lights (built in 2018). Custom interior paint. Enjoy brand new laminate wood flooring and tile throughout. Separate living room and family room! Open kitchen and dining. Light and bright. Recessed Lighting. Ceiling fans in all bedrooms. Love to cook? Your tiled kitchen has one-of-kind granite counter-tops and granite island, large pantry, smooth stainless steel appliances, fridge, range, dishwasher, and built in microwave! Love to relax? Master suite is spacious with large walk-in closet. The renovated master bath has double sinks,

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
 

$461,250$563,750$512,500

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,780
Property Tax -$309
Property Insurance -$90
HOA -$54
Property Management Fees -$99
CASH FLOW
-$173

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.

$512,500

PROJECTED PRICE

$2,160

PROJECTED RENT

0.42%

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-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$141,563

INVESTMENT

$141,563

Down Payment
$128,125
Rehab Estimate
$5,750
Closing Costs
$7,688

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,780

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $128,125
Loan Amount $384,375
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,650

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
  • $2,379

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,3504$2,4005$2,490
$2,490
RENT COMPS ANALYSIS
  • 11508 E Ramblewood Avenue E Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,237 Sqft ∙ Built 2002 5 beds 3 baths ∙ 3,237 Sqft ∙ Built 2002
    • 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
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.68
    •  
  • 11318 E Sonrisa Avenue Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
  • 11146 E Rafael Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 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
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,490
    • $0.80
    •  
PROPERTY LISTING DETAILS
Mayar M Daiza
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192694
Last Updated: 02/11/2021
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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