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5035 S Brice -- Mesa, AZ 85212

5 Beds 4 Baths 3,999 sqft Built 2018

$524,900

List Price

$2,650

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $131.26
  • 2 Days on Market
  • MLS # : 6172584
  • Updated Date : 12/19/2020 at 02:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,999 sqft
  • Baths : 4 full
Listing Agent

Fed Realty Group

Listing Agent's Description

Fantastic 5 bed, 4 bath upgraded home. A steal for the area. Beautiful, double master gem features great curb appeal, turf yard plus pool, safety net included! Entry leading into a spacious open concept floor plan with an abundance of light and a soothing neutral paint palate. Kitchen will delight any chef with double ovens, gas range, white cabinetry, contrasting quartz and a center island. Upstairs you will find a large loft, full of possibilities. Master retreat includes luxurious en suite with dual sinks and oversized subway tiled shower. Amazing backyard entertaining space is complete with a covered patio and a new sparkling pool. Low maintenance yard, turf in front & back. This home will not disappoint. Schedule your private showing today - hurry!

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
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,385$2,915$2,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,650
EXPENSES Loan Payment -$1,937
Property Tax -$384
Property Insurance -$105
HOA -$58
Property Management Fees -$99
CASH FLOW
$68

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.

$524,900

PROJECTED PRICE

$2,650

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$44,222

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,650

    LIST RENT
  • $0.66

    LIST RENT PER SQFT
  • $2,779

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,600
1$2,6002$2,6503$2,699
$2,699
RENT COMPS ANALYSIS
  • 5035 S Brice -- Mesa, AZ 2
    • 5 beds 4 baths ∙ 3,999 Sqft ∙ Built 2018 5 beds 4 baths ∙ 3,999 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.66
    •  
  • 11361 E Spaulding Avenue Mesa, AZ 1
    • 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 3
    • 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
Angela Harrolle
Fed Realty Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6172584
Last Updated: 12/19/2020
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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