Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5135 S Chatham -- Mesa, AZ 85212

6 Beds 4 Baths 4,214 sqft Built 2012

$499,900

List Price

$2,430

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $118.63
  • 2 Days on Market
  • MLS # : 6163319
  • Updated Date : 11/20/2020 at 18:14
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,214 sqft
  • Baths : 4 full
Listing Agent

Darcam Real Estate Investments

Listing Agent's Description

Welcome to your beautiful home at Keighley Place, an exciting East Mesa Community with breathtaking views of the Superstition and San Tan Mountains. Keighley Place is perfectly located just minutes away from top rated schools like the brand new American Leadership Academy, and new Basis school. As you walk up to the house you are greeted with a pronounced paved driveway, a three car garage with the third car built taller for that big vehicle! Inside you are greeted to a custom paint finish that blends well with your 18'' diagonal tile floors .In the kitchen you will find a large island and walk in pantry (large enough for an extra fridge), granite slab counter tops, maple staggered cabinets with crown molding, custom full kitchen back splash, stainless steel gas Kenmore professional range.

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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,187$2,673$2,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,430
EXPENSES Loan Payment -$1,844
Property Tax -$365
Property Insurance -$109
HOA -$58
Property Management Fees -$99
CASH FLOW
-$46

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.

$499,900

PROJECTED PRICE

$2,430

PROJECTED RENT

0.49%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$30,958

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,430

    LIST RENT
  • $0.58

    LIST RENT PER SQFT
  • $2,697

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$2,430
1$2,4302$2,700
$2,700
RENT COMPS ANALYSIS
  • 5135 S Chatham -- Mesa, AZ 1
    • 6 beds 4 baths ∙ 4,214 Sqft ∙ Built 2012 6 beds 4 baths ∙ 4,214 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,430
    • $0.58
    •  
  • 11226 E Sandoval Avenue Mesa, AZ 2
    • 5 beds 5 baths ∙ 4,214 Sqft ∙ Built 2017 5 beds 5 baths ∙ 4,214 Sqft ∙ Built 2017
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.64
    •  
PROPERTY LISTING DETAILS
Melanie Hunsaker
Darcam Real Estate Investments
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163319
Last Updated: 11/20/2020
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.

BESbswy