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5036 S Flux Lane Mesa, AZ 85212

4 Beds 3 Baths 1,933 sqft Built 2018

$415,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $214.69
  • 6 Days on Market
  • MLS # : 6153214
  • Updated Date : 11/02/2020 at 13:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,933 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Don't miss the opportunity to move into this model home like home on a large corner lot. As you walk in the front door you are greeted by designer touches & finishes. Timeless plank tile layed in entry & kitchen area. Kitchen features white cabinets, upgraded granite, tile backsplash, stainless steel appliances, gas stove, modified dining room lighting & island pendants. Family room wall finished with shiplap. Black fixtures have been added in master bathroom and powder room. All four bedrooms & laundry are located on upper level. Large master suite with walk-in closet, executive height dual sinks, tub & shower. Ceilings are 9 foot & 8 foot paneled shaker wood doors t/o. Interior was newly painted. Shutters throughout home. Covered back patio surrounded by turf for easy care.

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
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,531
Property Tax -$384
Property Insurance -$65
HOA -$123
Property Management Fees -$99
CASH FLOW
-$472

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.

$415,000

PROJECTED PRICE

$1,730

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

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,730
1$1,7302$1,9953$2,0504$2,1005$2,150
$2,150
RENT COMPS ANALYSIS
  • 5036 S Flux Lane Mesa, AZ 1
    • 4 beds 3 baths ∙ 1,933 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,933 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.89
    •  
  • 9728 E Axle Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,100 Sqft ∙ Built 2017
    property image
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.95
    •  
  • 9966 E Wavelength Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,137 Sqft ∙ Built 2019
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 9957 E Gamma Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 2019
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 9742 E Kinetic Drive Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,233 Sqft ∙ Built 2019
    property image
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.96
    •  
PROPERTY LISTING DETAILS
Carolyn J Long
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153214
Last Updated: 11/02/2020
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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