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2613 N Platina Circle Mesa, AZ 85215

3 Beds 2 Baths 2,072 sqft Built 1998

$499,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $240.83
  • 2 Days on Market
  • MLS # : 6185030
  • Updated Date : 01/23/2021 at 21:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,072 sqft
  • Baths : 2 full
Listing Agent

Opportunity 2 Own Real Estate

Listing Agent's Description

This home is a MUST see and priced for immediate sale!This gorgeous 3/2 custom home is located on the desirable Painted Mountain Golf Course! With no HOA. Perfectly placed on the 8th hole and the lagoon with AMAZING views. Newly remodeled in 2020, with many interior decorator touches. Spiral staircase leads to viewing deck. New spa purchased in 2020 stays. Newly built pergola covers spa area. Double pane windows and sunscreens throughout. This home is a MUST see and priced for immediate sale!Cabinets 2/2020 with soft close feature, matching SS appliances, beautiful quartz countertops in kitchen, tile flooring 2018, NO carpet, W&D stay. RV gate and storage. Landscaping with new rock and brick.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho del Lago

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k278k

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

Neighborhood: Rancho del Lago

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550Rent in $10181567

* 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
Red Mountain High School High Regular 3,347 145 7

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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,733
Property Tax -$259
Property Insurance -$68
Property Management Fees -$99
CASH FLOW
-$439

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.

$499,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,873

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
  • $1,896

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,6504$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2613 N Platina Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,072 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2729 N Ricardo Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,752 Sqft ∙ Built 1990
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 6464 E Russell Street Mesa, AZ 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1993
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 6440 E Melrose Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,964 Sqft ∙ Built 1994
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 3013 N Papillon Circle Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1994
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Wendy Stanley
Opportunity 2 Own Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185030
Last Updated: 01/23/2021
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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