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4904 S Tune -- Mesa, AZ 85212

4 Beds 3 Baths 2,589 sqft Built 2019

$495,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $191.19
  • 3 Days on Market
  • MLS # : 6165435
  • Updated Date : 11/27/2020 at 18:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,589 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

STUNING UPGRADED HOME DESIGNED BY AN INTERIOR DESIGNER! YOU ARE BUYING A NEW HOME WITH ALL THE LUXURIES ALREADY PICKED OUT. YOU WILL NOTICE MANY UNIQUE THINGS IN THIS HOME FROM THE COLORED BASEBOARDS AND DOORS TO THE LIGHTING FIXTURES. KITCHEN FEATURES QUARTZ COUNTERTOPS AND STAINLESS STEEL APPLIANCES. GAS STOVE IS A GOURMET COOKS DELIGHT WITH 5 BURNERS! WAIT UNTIL YOU SEE THE CARPET SELECTION IN THE BEDROOMS! IT'S ONE OF A KIND! THERE IS ONE BEDROOM DOWNSTAIRS WITH IT'S OWN BATHROOM AND A NICE SIZE LOFT UPSTAIRS. MASTERBATHROOM IS AMAZING! YOU WILL LOVE WHAT THE DESIGNER SELECTED. WINDOWS ARE ALL CASCADE ENERGY STAR LOW-E WITH VINYL FRAMES. A/C UNIT IS A 16 SEER HIGH EFFICIENCY LENNOX! DON'T FORGET TO CHECK OUT THE BEAUTIFUL BACKYARD!

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
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,826
Property Tax -$458
Property Insurance -$78
HOA -$125
Property Management Fees -$99
CASH FLOW
-$296

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$495,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.46%

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) 3.00%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$133,175

INVESTMENT

$133,175

Down Payment
$123,750
Rehab Estimate
$2,000
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,291

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,1953$2,2504$2,2905$2,300
$2,300
RENT COMPS ANALYSIS
  • 4904 S Tune -- Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,589 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.88
    •  
  • 9540 E Travertine Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.88
    •  
  • 9809 E Solstice Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.88
    •  
  • 9726 E Kinetic Drive Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 4933 S Tune -- Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
PROPERTY LISTING DETAILS
Lydia Maranville
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165435
Last Updated: 11/27/2020
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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