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5016 E Mesquite Wood Court Phoenix, AZ 85044

2 Beds 2 Baths 1,286 sqft Built 1985

$271,900

List Price

$1,320

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $211.43
  • 2 Days on Market
  • MLS # : 6174586
  • Updated Date : 12/26/2020 at 09:22
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,286 sqft
  • Baths : 2 full
Listing Agent

United Brokers Group

Listing Agent's Description

Lovely home for active adults located in Ahwatukee's premier 55+ community! Beautiful single level, detached home with a great layout and kitchen that includes new Stainless appliances, new Quartz counter tops, new Stainless sinks and matching faucets. Easy flow from the kitchen to the dining room and great room with sliding glass patio door for maximum light. Beautiful shutters throughout home, as well as all new flooring plus neutral carpet and new paint. Each bedroom has its own bath and spacious walk-in closet. A rare find with inside laundry room, plus washer and dryer included. Roof underlayment was replaced in 2019, AC replaced in 2010 and outside painted 2019 which makes this a fabulous move-in ready jewel! Home has also been certified and comes with a one year Home Warranty

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k301k

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

Neighborhood: Ahwatukee

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341576

* 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
Kyrene De Las Lomas School Primary Regular 729 40 6
Kyrene Centennial Middle School Middle Regular 1,054 57 7
Mountain Pointe High School High Regular 2,685 111 3

Kyrene De Las Lomas School

  • Education Level: Primary
  • # of students: 729
  • # of teachers: 40
6
GreatSchools Rating

Kyrene Centennial Middle School

  • Education Level: Middle
  • # of students: 1,054
  • # of teachers: 57
7
GreatSchools Rating

Mountain Pointe High School

  • Education Level: High
  • # of students: 2,685
  • # of teachers: 111
3
GreatSchools Rating
 

$244,710$299,090$271,900

PURCHASE PRICE

$1,188$1,452$1,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,320
EXPENSES Loan Payment -$1,003
Property Tax -$194
Property Insurance -$52
HOA -$10
Property Management Fees -$99
CASH FLOW
-$38

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.

$271,900

PROJECTED PRICE

$1,320

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,804

INVESTMENT

$77,804

Down Payment
$67,975
Rehab Estimate
$5,750
Closing Costs
$4,079

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,003

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $67,975
Loan Amount $203,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$16,356

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,320

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,318

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,3203$1,4004$1,4255$1,525
$1,525
RENT COMPS ANALYSIS
  • 5016 E Mesquite Wood Court Phoenix, AZ 2
    • 2 beds 2 baths ∙ 1,286 Sqft ∙ Built 1985 2 beds 2 baths ∙ 1,286 Sqft ∙ Built 1985
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.03
    •  
  • 5203 E Half Moon Drive Phoenix, AZ 1
    • 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983 2 beds 2 baths ∙ 1,287 Sqft ∙ Built 1983
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.01
    •  
  • 4740 E Ahwatukee Drive Phoenix, AZ 3
    • 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,480 Sqft ∙ Built 1978
    property image
    LEASED 07/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.95
    •  
  • 11427 S Ki Road Phoenix, AZ 4
    • 2 beds 2 baths ∙ 1,439 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,439 Sqft ∙ Built 1978
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.99
    •  
  • 5015 E Cheyenne Drive #30 Phoenix, AZ 5
    • 2 beds 3 baths ∙ 1,324 Sqft ∙ Built 2002 2 beds 3 baths ∙ 1,324 Sqft ∙ Built 2002
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.15
    •  
PROPERTY LISTING DETAILS
Jim N Hunt
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174586
Last Updated: 12/26/2020
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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