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5346 S Wesley Circle Mesa, AZ 85212

3 Beds 4 Baths 2,876 sqft Built 2020

$573,000

List Price

$2,540

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $199.24
  • 4 Days on Market
  • MLS # : 6183684
  • Updated Date : 01/22/2021 at 19:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,876 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Welcome Home to the Estates at Eastmark. A exclusive gated community with a low HOA fee. Enjoy your Club House with Fitness Center, Pool, Outdoor Fireplace and community seating. Beautiful curb appeal for this charming 3 bed, 3.5 bath home located in a cul-de-sac. Brick paver driveway to the split 3 car garage, and partial stone elevation. Soft color palette, beautiful tile planking floors. Formal living and dining. The stunning Chef's Kitchen has custom cabinets, granite counters, stylish backsplash, gas cooktop, microwave, wall mount double ovens with an air fryer and digital menu that includes recipes. large walk-in pantry. Generous sized bedrooms with en-suite full baths and walk-in closets. New RO System and soft water. Build in 2020 everything is on warranty.

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
 

$515,700$630,300$573,000

PURCHASE PRICE

$2,286$2,794$2,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,540
EXPENSES Loan Payment -$1,990
Property Tax -$530
Property Insurance -$83
HOA -$169
Property Management Fees -$99
CASH FLOW
-$332

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.

$573,000

PROJECTED PRICE

$2,540

PROJECTED RENT

0.44%

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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$153,845

INVESTMENT

$153,845

Down Payment
$143,250
Rehab Estimate
$2,000
Closing Costs
$8,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $143,250
Loan Amount $429,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$7,431

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
  • $2,574

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,1953$2,3004$2,4505$2,750
$2,750
RENT COMPS ANALYSIS
  • 5346 S Wesley Circle Mesa, AZ 1
    • 3 beds 4 baths ∙ 2,876 Sqft ∙ Built 2020 3 beds 4 baths ∙ 2,876 Sqft ∙ Built 2020
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4903 S Tune -- Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2018
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.84
    •  
  • 4933 S Tune -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2019
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.88
    •  
  • 9739 E Kinetic Drive Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,589 Sqft ∙ Built 2017
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.95
    •  
  • 10342 E Aperture Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,034 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.91
    •  
PROPERTY LISTING DETAILS
Deb L'esperance
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183684
Last Updated: 01/22/2021
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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