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5027 S Quantum Way Mesa, AZ 85212

4 Beds 4 Baths 3,657 sqft Built 2013

$624,900

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $170.88
  • 5 Days on Market
  • MLS # : 6175694
  • Updated Date : 12/31/2020 at 00:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,657 sqft
  • Baths : 3 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

This former model home helped start the whole Eastmark story! The remarkable floorplan includes 4 bedrooms+den+loft, and has the owners suite on the first floor! Elegant ceiling beams add glamour in the great room, dining room and the owners' bedroom. The stunning accent wall in the great room boast built in bookcases, and a gas fireplace. Upstairs is an enormous loft with built in cabinets and a wine fridge! Step outside onto the extended patio to see the sparkling, self-cleaning pool which shows off a gorgeous water feature. Plantation shutters, soft water, extended kitchen cabinets, a large laundry room filled (cabinets+sink), plus owned solar! You will enjoy living in this top ranked community of Eastmark with all its clubs and activities. Hurry, this is the one you are waiting for!

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
 

$562,410$687,390$624,900

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,306
Property Tax -$578
Property Insurance -$98
HOA -$100
Property Management Fees -$99
CASH FLOW
-$541

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.

$624,900

PROJECTED PRICE

$2,640

PROJECTED RENT

0.42%

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$171,349

INVESTMENT

$171,349

Down Payment
$156,225
Rehab Estimate
$5,750
Closing Costs
$9,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,306

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $156,225
Loan Amount $468,675
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$5,310

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,743

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6003$2,6404$2,6995$3,000
$3,000
RENT COMPS ANALYSIS
  • 5027 S Quantum Way Mesa, AZ 3
    • 4 beds 4 baths ∙ 3,657 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,657 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.72
    •  
  • 10137 E Palladium Drive Mesa, AZ 1
    • 5 beds 4 baths ∙ 3,657 Sqft ∙ Built 2017 5 beds 4 baths ∙ 3,657 Sqft ∙ Built 2017
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.71
    •  
  • 10713 E Diffraction Avenue Mesa, AZ 2
    • 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
    •  
  • 10539 E Thornton Avenue Mesa, AZ 4
    • 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2019 5 beds 4 baths ∙ 3,787 Sqft ∙ Built 2019
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,699
    • $0.71
    •  
  • 5615 S Coyote Canyon Mesa, AZ 5
    • 4 beds 4 baths ∙ 3,684 Sqft ∙ Built 2020 4 beds 4 baths ∙ 3,684 Sqft ∙ Built 2020
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.81
    •  
PROPERTY LISTING DETAILS
Rodney Wood
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175694
Last Updated: 12/31/2020
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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