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

5225 E Enid Avenue #102 Mesa, AZ 85206

3 Beds 3 Baths 1,463 sqft Built 2019

$299,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $204.99
  • 5 Days on Market
  • MLS # : 6196805
  • Updated Date : 03/03/2021 at 21:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,463 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Be one of the proud homeowners of this beautiful Higley Townhome community located across the City of Mesa's six acre Enid Park. This home boasts two living spaces with living/dining, powder room, 3 bedrooms, all upstairs and 2 bathrooms. Inside, you'll find bright and light interior with tile flooring in traffic areas and carpet in right places. Check out the lovely kitchen with stainless steel appliances, staggered espresso cabinets w crown molding, pantry and large countertops with pendant lighting. It opens out for easy entertaining. Upstairs is the roomy master suite complete with a private bath, dual vanities, and a walk-in closet. There is also a laundry room, 2 car garage & patio sized yards. Near US60, shopping and more. What are you waiting for? Call now and make this home yours!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Arizona Valencia

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

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

Neighborhood: Arizona Valencia

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9571567

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

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

$269,910$329,890$299,900

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,042
Property Tax -$204
Property Insurance -$56
HOA -$160
Property Management Fees -$99
CASH FLOW
-$91

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.

$299,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,522

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,489

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,4703$1,5504$1,5955$1,695
$1,695
RENT COMPS ANALYSIS
  • 5225 E Enid Avenue #102 Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,463 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
  • 125 S 56th Street #3 Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,255 Sqft ∙ Built 1999
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.04
    •  
  • 5738 E Garnet Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,537 Sqft ∙ Built 1999
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.01
    •  
  • 5225 E Enid Avenue #120 Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,503 Sqft ∙ Built 2018
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.06
    •  
  • 5337 E Harmony Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,772 Sqft ∙ Built 2002
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.96
    •  
PROPERTY LISTING DETAILS
Amanda O'halloran
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196805
Last Updated: 03/03/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy