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3543 S Oxley Circle Mesa, AZ 85212

4 Beds 3 Baths 2,703 sqft Built 2000

$419,000

List Price

$2,160

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $155.01
  • 6 Days on Market
  • MLS # : 6176908
  • Updated Date : 01/08/2021 at 02:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,703 sqft
  • Baths : 2 full , 1 half
Listing Agent

Century 21 Arizona Foothills

Listing Agent's Description

FORMER MODEL - BE SURE TO SEE THE PHOTOS. Big backyard with a fenced pool with water feature and no neighbors behind. New Tile in all of main floor. Kitchen has upgraded counters, walkin pantry, gas stove, upgraded appliances and faucets, upgraded light fixtures. Uupstairs loft/office with built-in work station. Walk-out balcony for mountain views. Updated master bath with huge double walkin Shower. Master bedroom set included with 2 dressers with 2 nightstands with bed. Great location near shopping, restaurants, freeways, etc. All Gilbert-system schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Meridian Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k300k

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

Neighborhood: Meridian Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700Rent in $10181775

* 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
Meridian Elementary School Primary Regular 982 50 9
Meridian Elementary School Middle Regular 982 50 9
Desert Ridge High School High Regular 2,752 119 6

Meridian Elementary School

  • Education Level: Primary
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Meridian Elementary School

  • Education Level: Middle
  • # of students: 982
  • # of teachers: 50
9
GreatSchools Rating

Desert Ridge High School

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

$377,100$460,900$419,000

PURCHASE PRICE

$1,944$2,376$2,160

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,160
EXPENSES Loan Payment -$1,455
Property Tax -$253
Property Insurance -$80
HOA -$17
Property Management Fees -$99
CASH FLOW
$256

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.

$419,000

PROJECTED PRICE

$2,160

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$116,785

INVESTMENT

$116,785

Down Payment
$104,750
Rehab Estimate
$5,750
Closing Costs
$6,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,455

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,750
Loan Amount $314,250
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$50,357

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,160

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,007

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0993$2,1004$2,1605$2,199
$2,199
RENT COMPS ANALYSIS
  • 3543 S Oxley Circle Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,703 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,160
    • $0.80
    •  
  • 11535 E Reuben Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,751 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,751 Sqft ∙ Built 2003
    LEASED 10/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.73
    •  
  • 11405 E Rafael Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,726 Sqft ∙ Built 2002
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.77
    •  
  • 11445 E Paloma Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,951 Sqft ∙ Built 2001
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 11340 E Ramblewood Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,884 Sqft ∙ Built 2002
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.76
    •  
PROPERTY LISTING DETAILS
Joseph R Perry
Century 21 Arizona Foothills
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176908
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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