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5031 S Figueroa Lane Mesa, AZ 85212

4 Beds 4 Baths 3,893 sqft Built 2013

$599,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $153.87
  • 5 Days on Market
  • MLS # : 6161732
  • Updated Date : 11/17/2020 at 20:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,893 sqft
  • Baths : 4 full
Listing Agent

Realty Marketing Group

Listing Agent's Description

Why Bother with New Construction? This home is ready for you. Enter into this grand home loaded with Features that every buyer desires. You will enter onto Wood Look Porcelain Tile floors in all the right areas. Up front there is a Formal Living Room or Den, Spacious Formal Dinging Room with Designer Light Fixture. And WOW, when you enter into the Great Room, you will be greeted with the full 30' wall of windows. Enjoy a very open kitchen with Quartz counters, Stainless appliances, Gas Cook Top, Wall Oven, and More. This home has Custom 9 inch Baseboards, 8' interior doors, making it more grand feeling are the 10' ceilings. There is a Big Box style Walk-in pantry. Each Bedroom is an ensuite with it's private bathroom. Owners Bedroom has sep His & Her Vanity Areas, Oversized soaking tub &

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
 

$539,100$658,900$599,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$2,210
Property Tax -$554
Property Insurance -$103
HOA -$100
Property Management Fees -$99
CASH FLOW
-$526

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.

$599,000

PROJECTED PRICE

$2,540

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$164,485

INVESTMENT

$164,485

Down Payment
$149,750
Rehab Estimate
$5,750
Closing Costs
$8,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,750
Loan Amount $449,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$4,786

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
  • $2,725

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,6003$2,6004$2,699
$2,699
RENT COMPS ANALYSIS
  • 5031 S Figueroa Lane Mesa, AZ 1
    • 4 beds 4 baths ∙ 3,893 Sqft ∙ Built 2013 4 beds 4 baths ∙ 3,893 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10137 E Palladium Drive Mesa, AZ 2
    • 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
    •  
  • 11361 E Spaulding Avenue Mesa, AZ 3
    • 5 beds 4 baths ∙ 3,841 Sqft ∙ Built 2007 5 beds 4 baths ∙ 3,841 Sqft ∙ Built 2007
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.68
    •  
  • 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
    •  
PROPERTY LISTING DETAILS
Peggie Jean Herron-simmons
Realty Marketing Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161732
Last Updated: 11/17/2020
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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