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2151 S 106th Place Mesa, AZ 85209

5 Beds 3 Baths 3,627 sqft Built 2004

$599,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $165.40
  • 2 Days on Market
  • MLS # : 6157480
  • Updated Date : 11/06/2020 at 18:54
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,627 sqft
  • Baths : 3 full
Listing Agent

Arizona Experience Realty, Llc

Listing Agent's Description

NOT YOUR AVERAGE HOME...Desired Tri-Level Plan on Premium Lot (corner lot next to park, backs to greenbelt w/no house in front). STUNNING home loaded w/upgrades! Very well cared for. Original owners. 2 Bedrooms Downstairs (or Office + Bedroom) & 3 bedrooms upstairs + Large Bonus Room. Soaring vaulted ceilings at entry, upgraded light fixtures, high-end French doors at office, custom window treatments + plantation shutters, upgraded kitchen w/Carrera marble backsplash/granite countertops/enhanced island/maple cabinets w/dovetail drawers/stainless appliances + French Door fridge & front loading washer/dryer included! Walkout deck off of kitchen overlooks your resort style backyard w/heated pool + sheer decent, jacuzzi, gas firepit & outdoor curtains lining large covered patio! HUGE Family Rm

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Villages of Eastridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Villages of Eastridge

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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,213
Property Tax -$362
Property Insurance -$98
HOA -$25
Property Management Fees -$99
CASH FLOW
-$547

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.

$599,900

PROJECTED PRICE

$2,250

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.0%
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-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,213

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,697

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,611

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3753$2,5004$2,600
$2,600
RENT COMPS ANALYSIS
  • 2151 S 106th Place Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,627 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,627 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.62
    •  
  • 9641 E Laguna Azul Avenue Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 2000
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.70
    •  
  • 10743 E Medina Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,435 Sqft ∙ Built 2004
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
  • 9442 E Lompoc Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,585 Sqft ∙ Built 2000
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.73
    •  
PROPERTY LISTING DETAILS
Leah Hamman
Arizona Experience Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157480
Last Updated: 11/06/2020
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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