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3232 E Indigo Circle Mesa, AZ 85213

4 Beds 4 Baths 3,415 sqft Built 2004

$845,000

List Price

$3,220

$3K - $3.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $247.44
  • 4 Days on Market
  • MLS # : 6180131
  • Updated Date : 01/22/2021 at 04:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,415 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Phenomenal single level home behind the gates of La Arboleda. This Toll Brothers floor plan features 4 large bedrooms, 3.5 bathrooms, separate entertaining areas, 3 car garage, RV gate/parking on the side yard, covered patio, and a killer backyard with pool and spa!When you pull up to the property, you'll immediately notice the privacy of the large, 27,000+ sf, cul de sac lot located next to the green belt. Enter through the courtyard, open the amazing front door, and you're ready to experience your new home! Formal entertaining room, dining, butler's pantry, kitchen, great room, tons of storage, and great layout that's conducive to family lifestyle and entertaining. Don't miss the master suite! HUGE walk in shower, separate soak tub, and large walk in closet! Welcome Home

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Northgrove

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $109k605k

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

Neighborhood: Northgrove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000Rent in $9383110

* 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
Mountain View High School High Regular 3,180 144 8

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

Mountain View High School

  • Education Level: High
  • # of students: 3,180
  • # of teachers: 144
8
GreatSchools Rating
 

$760,500$929,500$845,000

PURCHASE PRICE

$2,898$3,542$3,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,220
EXPENSES Loan Payment -$2,935
Property Tax -$576
Property Insurance -$94
HOA -$200
Property Management Fees -$99
CASH FLOW
-$683

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.

$845,000

PROJECTED PRICE

$3,220

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 12.1%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$229,675

INVESTMENT

$229,675

Down Payment
$211,250
Rehab Estimate
$5,750
Closing Costs
$12,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,935

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $211,250
Loan Amount $633,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$5,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,220

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,655

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,6003$2,6954$2,7955$3,220
$3,220
RENT COMPS ANALYSIS
  • 3232 E Indigo Circle Mesa, AZ 5
    • 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,220
    • $0.94
    •  
  • 4446 E Des Moines Street Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1998 5 beds 3 baths ∙ 3,309 Sqft ∙ Built 1998
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.71
    •  
  • 4347 E Fox Circle Mesa, AZ 2
    • 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2000 4 beds 3 baths ∙ 3,090 Sqft ∙ Built 2000
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.84
    •  
  • 1850 E Kael Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,310 Sqft ∙ Built 1999
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.81
    •  
  • 4063 E Fairfield Street Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,740 Sqft ∙ Built 1998
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.75
    •  
PROPERTY LISTING DETAILS
Zachary Cates
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180131
Last Updated: 01/22/2021
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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