Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4333 N Recker Road Mesa, AZ 85215

4 Beds 3 Baths 2,451 sqft Built 1994

$570,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $232.56
  • 5 Days on Market
  • MLS # : 6157097
  • Updated Date : 11/18/2020 at 12:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,451 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Sophisticated custom home in upscale North Mesa's Red Mountain Ranch. Private and quiet, yet close enough to the 202 for easy commute. Beautifully designed soft contemporary home is a foodie's dream with stainless steel appliances, gas range, walk-in pantry, butcher block prep island, plus a stunning waterfall leather granite island. The open floor plan features a two-sided gas fireplace, living room, dining room, and lounge. The newly remodeled upstairs bonus space with its stunning views of Red Mountain, private patio, private bath/shower, and independent mini-split air conditioning could be used as a second master, a game space, home learning pod, generous home office, or possibly converted to a separate studio rental for income.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k408k

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

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342211

* 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
 

$513,000$627,000$570,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$2,103
Property Tax -$296
Property Insurance -$75
HOA -$13
Property Management Fees -$99
CASH FLOW
-$285

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.

$570,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

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

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$156,800

INVESTMENT

$156,800

Down Payment
$142,500
Rehab Estimate
$5,750
Closing Costs
$8,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $142,500
Loan Amount $427,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$17,218

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
  • $2,071

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6003$1,8954$1,9005$2,690
$2,690
RENT COMPS ANALYSIS
  • 4333 N Recker Road Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 6011 E Sierra Blanca Street Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1993
    property image
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 6015 E Sayan Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1995
    property image
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 6635 E Venue Circle Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,424 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,424 Sqft ∙ Built 1993
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 6052 E Virginia Street Mesa, AZ 5
    • 5 beds 4 baths ∙ 2,783 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,783 Sqft ∙ Built 1995
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.97
    •  
PROPERTY LISTING DETAILS
Jason Giarrizzo
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157097
Last Updated: 11/18/2020
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.

BESbswy