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3133 S Esmeralda Circle Mesa, AZ 85212

4 Beds 3 Baths 2,819 sqft Built 2000

$475,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $168.50
  • 3 Days on Market
  • MLS # : 6189473
  • Updated Date : 02/06/2021 at 15:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,819 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Cul-de-sac lot with no one directly behind but a park! This beauty will not last long! The entry way welcomes you to a formal living/dining area. Great room with eat-in kitchen complete w/ large island, stainless steel appliances and pantry. One bedroom and full bath on main level, 3 bedrooms, 2 full bath upstairs with versatile loft/virtual desk area options. Tile, laminate wood & carpet in all the right places. 3 car garage with storage. Sparkling pool, fire pit and nice over-sized yard with lots of space to entertain. Even room to add an RV gate. Community walking paths, parks, close to shopping, theaters, schools & within 5 min to US 60 or 202. Buyer to verify all measurements & figures.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Santa Rita Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Santa Rita 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,650
Property Tax -$287
Property Insurance -$82
HOA -$59
Property Management Fees -$99
CASH FLOW
-$247

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.

$475,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.6%
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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,503

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
  • $2,135

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,2004$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 3133 S Esmeralda Circle Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3044 S Sabrina Circle Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,584 Sqft ∙ Built 2001
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 2062 S Sabrina Street Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 9812 E Nopal Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 9732 E Natal Avenue Mesa, AZ 5
    • 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
PROPERTY LISTING DETAILS
Sarinah G Brooks
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189473
Last Updated: 02/06/2021
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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