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5147 E Florian Circle Mesa, AZ 85206

2 Beds 2 Baths 1,403 sqft Built 1978

$259,100

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $184.68
  • 1 Days on Market
  • MLS # : 6170896
  • Updated Date : 12/12/2020 at 20:40
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,403 sqft
  • Baths : 1 full , 1 half
Listing Agent

Farnsworth Realty & Management Company

Listing Agent's Description

****CUL-DE-SAC LOT**** NESTLED IN THE HEART OF SUNLAND VILLAGE, A 55+ COMMUNITY IN THE EAST VALLEY OF THE SUN, IS THIS LOVELY 300 MODEL BUILT BY AWARD WINNING FARNSWORTH. BUYERS PAY $1,400 FEE TO HOA AT COE FOR COMMON PROPERTY MAINTENANCE FUND. SOUTH FACING BACK YARD/AZ ROOM. LIVING ROOM. FORMAL DINING AREA. KITCHEN HAS: PANTRY; REFRIGERATOR-2011; STOVE-2012; DISHWASHER-2018; MICROWAVE-2009; CABINETS-2012; FILTERED WATER. INSIDE LAUNDRY INCLUDES WASHER-2006 & DRYER-2011. FULL MAIN BATH. MASTER SUITE HAS 3/4 BATH AND HIS/HERS CLOSETS. ROOF-2014. A/C-2015. COMFORTABLE GUEST ROOM. ABUNDANT LAMINATE FLOORING-2016. EASY ACCESS TO EAST VALLEY SHOPPING/DINING. SUNLAND VILLAGE HAS: 18 HOLE GOLF COURSE WITH RESTAURANT/PRO SHOP; HEATED SWIMMING POOLS/SPAS; TENNIS; PICKLE BALL; WORK OUT FACILITY.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mesa High School High Regular 3,406 155 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$233,190$285,010$259,100

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$956
Property Tax -$176
Property Insurance -$55
HOA -$4
Property Management Fees -$99
CASH FLOW
-$80

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$259,100

PROJECTED PRICE

$1,210

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,412

INVESTMENT

$74,412

Down Payment
$64,775
Rehab Estimate
$5,750
Closing Costs
$3,887

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,775
Loan Amount $194,325
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,210

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$1,210
1$1,210
$1,210
RENT COMPS ANALYSIS
  • 5147 E Florian Circle Mesa, AZ
    • 2 beds 2 baths ∙ 1,403 Sqft ∙ Built 1978 2 beds 2 baths ∙ 1,403 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,210
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ellen Patricia Hansen
Farnsworth Realty & Management Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170896
Last Updated: 12/12/2020
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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