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5108 S Reliance Way Mesa, AZ 85212

4 Beds 3 Baths 2,503 sqft Built 2018

$429,700

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $171.67
  • 2 Days on Market
  • MLS # : 6174325
  • Updated Date : 12/26/2020 at 02:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,503 sqft
  • Baths : 3 full
Listing Agent

Taylor Street Realty Services

Listing Agent's Description

Beautiful and brand new property located just across from the community park! This two story home offers luminous, open common areas that makes the interior warm and inviting. The gorgeous kitchen has stainless steel appliances, island for prep & breakfast bar, walk-in pantry, and plenty of cabinets. Upstairs you'll find a lovely built-in desk for a study area and a cozy loft for entertainment! Roomy master suite features an immaculate bath with separate tub/shower, dual sinks, and spacious walk-in closet. In backyard, spend a relaxing evening on the synthetic grass or under the covered patio. Award winning community EASTMARK!

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
 

$386,730$472,670$429,700

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,585
Property Tax -$398
Property Insurance -$76
HOA -$120
Property Management Fees -$99
CASH FLOW
-$8

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.

$429,700

PROJECTED PRICE

$2,270

PROJECTED RENT

0.53%

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$0.0$5.0k$10k$15k$20k

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$119,621

INVESTMENT

$119,621

Down Payment
$107,425
Rehab Estimate
$5,750
Closing Costs
$6,446

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,585

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,425
Loan Amount $322,275
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$27,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,1953$2,2504$2,2705$2,450
$2,450
RENT COMPS ANALYSIS
  • 5108 S Reliance Way Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.91
    •  
  • 9540 E Travertine Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.88
    •  
  • 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
    •  
  • 9726 E Kinetic Drive Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $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
David Barney
Taylor Street Realty Services
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174325
Last Updated: 12/26/2020
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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