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4653 S Quantum Way Mesa, AZ 85212

5 Beds 4 Baths 2,649 sqft Built 2017

$535,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $201.96
  • 3 Days on Market
  • MLS # : 6171058
  • Updated Date : 12/18/2020 at 15:11
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,649 sqft
  • Baths : 3 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Stunning Maracay 2017 build, 5 bed, 3.5 bath home includes guest suite and resort style backyard and pool. A gated courtyard entrance welcomes you to your new home! Step inside to find an open floor plan with luxurious light fixtures throughout, as well as a lovely eat-in kitchen worthy of a chef, with its staggered cabinetry, pantry, granite countertops, high-end appliances including a double wall oven, and island with breakfast bar. The grandiose master bedroom boasts a spacious walk-in closet and a spa like master bath! Newly installed stunning backyard with a covered patio, a small gazebo, and a sparkling blue pool, this home is simply a dream come true!

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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,974
Property Tax -$495
Property Insurance -$79
HOA -$100
Property Management Fees -$99
CASH FLOW
-$327

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.

$535,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.45%

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$1.4M$1.6M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,974

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$11,168

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,371

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,195
1$2,1952$2,2503$2,2954$2,3505$2,420
$2,420
RENT COMPS ANALYSIS
  • 4653 S Quantum Way Mesa, AZ 5
    • 5 beds 4 baths ∙ 2,649 Sqft ∙ Built 2017 5 beds 4 baths ∙ 2,649 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $0.91
    •  
  • 9809 E Solstice Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
  • 9726 E Kinetic Drive Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 10132 E Rubidium Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2019
    property image
    LEASED 12/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.86
    •  
  • 4714 S Curie Way Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2018
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
PROPERTY LISTING DETAILS
Adolfo Lopez
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6171058
Last Updated: 12/18/2020
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.

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