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5017 S Selenium Lane Mesa, AZ 85212

5 Beds 3 Baths 3,198 sqft Built 2015

INVESTimate

$489,900

List Price

$2,270

$2,043 - $2,497

Rent Est.

$521,695  ( +6.49%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $153.19
  • 2 Days on Market
  • MLS # : 6122432
  • Updated Date : 08/25/2020 at 15:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,198 sqft
  • Baths : 3 full
Listing Agent

Pierpont Realty Group, Llc

Listing Agent's Description

Beautiful home in desirable Eastmark. Ideal location with no neighbors to the south or west and a play park across the street. Home has 5 bedrooms and 3 Full Baths. 4 Bedrooms upstairs and 1 downstairs. Laundry upstairs. Large bonus/loft/exercise room upstairs and a office/bedroom (optional) downstairs (currently a playroom). All new flooring (wood tiles and carpet). New basketball court and standard in the backyard. News epoxy floor in the garage. Property comes with a membership to recreation center within walking distance of house with pool, play pad, playground, and a restaurant. Also has an arcade for the kids. There is also a ropes course for the kids, s small lake and an outdoor auditorium, plus the school is right across the street! Move in ready! Hot tub does not convey.

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
 

$440,910$538,890$489,900

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,808
Property Tax -$453
Property Insurance -$90
HOA -$99
Property Management Fees -$99
CASH FLOW
-$278

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.

$489,900

PROJECTED PRICE

$2,270

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.49%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,808

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,247

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
  • $2,510

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,5504$2,6005$2,650
$2,650
RENT COMPS ANALYSIS
  • 5017 S Selenium Lane Mesa, 1
    • 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2015 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5039 S Selenium Lane Mesa, 2
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 4622 S Calderon Circle Mesa, 3
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2006
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.82
    •  
  • 10713 E Diffraction Avenue Mesa, 4
    • 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
  • 11340 E Solina Circle Mesa, 5
    • 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,346 Sqft ∙ Built 2007
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.79
    •  
PROPERTY LISTING DETAILS
Robert Winegar
Pierpont Realty Group, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122432
Last Updated: 08/25/2020
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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