Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5018 S Turbine -- Mesa, AZ 85212

4 Beds 4 Baths 2,710 sqft Built 2017

$449,900

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $166.01
  • 3 Days on Market
  • MLS # : 6184189
  • Updated Date : 01/22/2021 at 03:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,710 sqft
  • Baths : 3 full , 1 half
Listing Agent

Infinity & Associates Real Estate

Listing Agent's Description

Beautiful 4 bed, 3.5 Bath (2 Master Suites) w/ 2,713 s.f. in Eastmark! HUGE bonus room on second level + loft. 1st floor secondary master bedroom w/en-suite bath for multi-generational living. Gorgeous kitchen w/granite counters, staggered Shaker Cabs w/crown moulding. Private yard w/pavers & artificial turf. 2 1/2 car garage. 2nd floor features master suite & two additional bedrooms along w/ 3rd full bath. Second floor features lots of storage. Walk to Basis Mesa Charter, the ''Great Park'' & short walk to Eastmark High Enjoy all the amenities of this beautiful master planned community. Nearby playgrounds, dog parks, ball fields, pool and community center. Lunch at the Handlebar Diner or pick up produce at Steadfast Farm. Eastmark offers a lifestyle with a true sense of community!

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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,563
Property Tax -$416
Property Insurance -$80
HOA -$125
Property Management Fees -$99
CASH FLOW
-$53

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.

$449,900

PROJECTED PRICE

$2,230

PROJECTED RENT

0.50%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,821

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
  • $2,446

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,3505$2,450
$2,450
RENT COMPS ANALYSIS
  • 5018 S Turbine -- Mesa, AZ 1
    • 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,710 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 4933 S Tune -- Mesa, AZ 3
    • 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
    •  
  • 10217 E Ampere Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 9739 E Kinetic Drive Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michael Barron
Infinity & Associates Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184189
Last Updated: 01/22/2021
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.

BESbswy