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5228 S Verde -- Mesa, AZ 85212

3 Beds 2 Baths 2,295 sqft Built 2019

$475,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $206.97
  • 3 Days on Market
  • MLS # : 6158898
  • Updated Date : 11/13/2020 at 12:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,295 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful Arapaho home, open great room style plan with 3 large rooms , den , 2.5 bathrooms, extended covered patio, and a huge walk in pantry and plenty of inside storage. Stunning white quartz counter tops, large kitchen island, double wall ovens and a 5 burner gas cook top included in gourmet kitchen. Gated community with numerous parks. Close to the AZ 24 HWY minutes away from anywhere in the valley. Outdoor enthusiasts will love living just minutes from the Superstition Mountains as well as nearby bike and walking trails.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 85212

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Zip Code: 85212

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,753
Property Tax -$440
Property Insurance -$72
HOA -$123
Property Management Fees -$99
CASH FLOW
-$436

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$475,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.9%
Maintenance Year (1-5) 3.00%
Vacancy 6.60%
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

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$127,875

INVESTMENT

$127,875

Down Payment
$118,750
Rehab Estimate
$2,000
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,668

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1503$2,1954$2,2805$2,300
$2,300
RENT COMPS ANALYSIS
  • 5228 S Verde -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2019 3 beds 2 baths ∙ 2,295 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.89
    •  
  • 9547 E Tungsten Drive Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,294 Sqft ∙ Built 2018
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 10158 E Theorem Drive Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,284 Sqft ∙ Built 2016
    property image
    LEASED 07/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
  • 9553 E Theia Drive Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2018
    property image
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.95
    •  
  • 9501 E Tungsten Drive Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,405 Sqft ∙ Built 2018
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
PROPERTY LISTING DETAILS
Melissa Lopez
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6158898
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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