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5318 S Verde -- Mesa, AZ 85212

4 Beds 3 Baths 2,554 sqft Built 2018

$549,900

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $215.31
  • 3 Days on Market
  • MLS # : 6185248
  • Updated Date : 02/05/2021 at 20:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,554 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Looking for a giant, amazing lot? This is the one! 12,408 sf showcasing a huge backyard and a stunning courtyard- complete with pergola and glass sliders that open two adjacent glass walls letting the outside in. All bedrooms have a walk-in closet. The kitchen has gorgeous white cabinets, a drop-in range with a hood and a huge glass slider window connecting the kitchen to the outside patio bar. By far the most popular model, this one impresses everywhere you look! Garage is already set up for your electric car! All located in a gated section of the award-winning community of Eastmark which includes a community pool, recreation center, numerous parks, and clubs & activities. Get ready to make your offer on this one today!

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
 

$494,910$604,890$549,900

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,910
Property Tax -$509
Property Insurance -$77
HOA -$123
Property Management Fees -$99
CASH FLOW
-$368

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.

$549,900

PROJECTED PRICE

$2,350

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) 8.00%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,474

INVESTMENT

$151,474

Down Payment
$137,475
Rehab Estimate
$5,750
Closing Costs
$8,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,475
Loan Amount $412,425
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$5,425

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,356

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1753$2,2504$2,2805$2,300
$2,300
RENT COMPS ANALYSIS
  • 5318 S Verde -- Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,554 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9540 E Travertine Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,478 Sqft ∙ Built 2019
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.88
    •  
  • 9726 E Kinetic Drive Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,503 Sqft ∙ Built 2019
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 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
    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
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.96
    •  
PROPERTY LISTING DETAILS
Rodney Wood
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185248
Last Updated: 02/05/2021
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.

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