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4503 S Antonio -- Mesa, AZ 85212

4 Beds 3 Baths 2,563 sqft Built 2012

$399,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $156.03
  • 4 Days on Market
  • MLS # : 6186602
  • Updated Date : 01/30/2021 at 00:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,563 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Come check out this amazing home in the Bella Via Community of Mesa. This 2 story home offers 4 large bdrms, 2.5 baths, a loft and an office/dinning area, Stunning gourmet kitchen with granite countertops, double ovens, kitchen island and large size pantry, tile throughout and new carpet upstairs, home includes solar panels a security system and is prewired for surround sound in the great room and back patio for all your entertaining needs. Step outside and enjoy the Arizona weather while swimming in the beautiful pebble tec pool. New exterior paint completed in 2019 , You will love just being minutes away from the Phoenix-Mesa Gateway Airport and the U.S. 60 and Loop 202, close to schools, shopping, walking trails, playgrounds and an amphitheater with a large fountain. Come check it out!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Jack Barnes Elementary School Primary Regular 489 23 10
Queen Creek Middle School Middle Regular 787 33 6
Queen Creek High School High Regular 1,799 73 5

Jack Barnes Elementary School

  • Education Level: Primary
  • # of students: 489
  • # of teachers: 23
10
GreatSchools Rating

Queen Creek Middle School

  • Education Level: Middle
  • # of students: 787
  • # of teachers: 33
6
GreatSchools Rating

Queen Creek High School

  • Education Level: High
  • # of students: 1,799
  • # of teachers: 73
5
GreatSchools Rating
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,389
Property Tax -$292
Property Insurance -$77
HOA -$75
Property Management Fees -$99
CASH FLOW
-$22

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.

$399,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,942

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,114

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,910
1$1,9102$1,9953$1,9954$2,0995$2,200
$2,200
RENT COMPS ANALYSIS
  • 4503 S Antonio -- Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,563 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.75
    •  
  • 4509 S Antonio -- Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2012
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.81
    •  
  • 4714 S Veneto -- Mesa, AZ 3
    • 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,234 Sqft ∙ Built 2007
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 11405 E Rafael Avenue Mesa, AZ 4
    • 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
    •  
  • 11542 E Shepperd Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,653 Sqft ∙ Built 2020
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.83
    •  
PROPERTY LISTING DETAILS
Julie Rogers
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186602
Last Updated: 01/30/2021
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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