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5134 S Curie Way Mesa, AZ 85212

5 Beds 4 Baths 2,921 sqft Built 2016

$450,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $154.06
  • 4 Days on Market
  • MLS # : 6159440
  • Updated Date : 11/13/2020 at 21:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,921 sqft
  • Baths : 3 full , 1 half
Listing Agent

Long Realty Platinum Premier

Listing Agent's Description

Beautiful 5 BR 4 BA + loft home built in 2016 in Eastmark with tons of upgrades! This home has so much space & a wonderful open floor plan. Great room, Breakfast area, Kit, formal DR, Office & full BR & BA on first level. Chef's kitchen features high-end white cabinets w/quartz countertops, undermount lighting, SS appliances w/gas stove, & beautiful island for that morning cup of coffee. Upstairs you will find the MBR ensuite w/walk-in closet, dual sinks, & separate tub & shower. Restful balcony off MBR & Loft offers gorgeous views. 3 additional BR's, Loft, & laundry rm complete the upstairs. 2 BR's share a BA & 1 BR has its own private BA. Back of home has covered patio, trees/flower beds with opportunity to add rock or grass to complete the look. Home is priced to sell & won't last long.

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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,660
Property Tax -$417
Property Insurance -$84
HOA -$100
Property Management Fees -$99
CASH FLOW
-$120

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.

$450,000

PROJECTED PRICE

$2,240

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$19,657

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,490

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,2503$2,3004$2,4005$2,750
$2,750
RENT COMPS ANALYSIS
  • 5134 S Curie Way Mesa, AZ 1
    • 5 beds 4 baths ∙ 2,921 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,921 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.77
    •  
  • 4855 S Tune -- Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2018
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.86
    •  
  • 4933 S Tune -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 5039 S Selenium Lane Mesa, AZ 4
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 10342 E Aperture Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Nicole Wolfe
Long Realty Platinum Premier
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159440
Last Updated: 11/13/2020
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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