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1860 S Rialto -- Mesa, AZ 85209

5 Beds 4 Baths 3,415 sqft Built 1998

$465,000

List Price

$2,330

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $136.16
  • 2 Days on Market
  • MLS # : 6170798
  • Updated Date : 12/12/2020 at 14:27
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,415 sqft
  • Baths : 3 full , 1 half
Listing Agent

Mojica & Associates Real Estate

Listing Agent's Description

MOVE IN READY! Very functional floor plan with endless potential! 3400+ sq ft in desirable Sierra Ranch subdivision! Walk in to 22' vaulted ceiling greeted by living and dining room, an office to your left with French doors, can easily be converted to a 5th bedroom! Big Kitchen with island, tons of cabinet space, granite & stainless steel appliances, open to spacious great room! Bedroom downstairs with full bathroom very private for guests or in laws! Huge master bedroom and bathroom upstairs along with two additional bedrooms, office/desk area, and a loft! 3 Car garage! Big back yard, orange trees, no back neighbors, covered patio! Fresh paint! Come see today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k391k

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

Neighborhood: Sierra 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$2,097$2,563$2,330

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,330
EXPENSES Loan Payment -$1,716
Property Tax -$291
Property Insurance -$94
HOA -$49
Property Management Fees -$99
CASH FLOW
$82

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.

$465,000

PROJECTED PRICE

$2,330

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,716

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$39,659

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
  • $2,519

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,3954$2,5005$2,600
$2,600
RENT COMPS ANALYSIS
  • 1860 S Rialto -- Mesa, AZ 1
    • 5 beds 4 baths ∙ 3,415 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,415 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2062 S Sabrina Street Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 9732 E Natal Avenue Mesa, AZ 3
    • 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
  • 9641 E Laguna Azul Avenue Mesa, AZ 4
    • 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 2000
    property image
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
  • 9442 E Lompoc Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2000
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
PROPERTY LISTING DETAILS
Dora Estrella
Mojica & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170798
Last Updated: 12/12/2020
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.

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