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6034 E Vermillion Circle Mesa, AZ 85215

4 Beds 2 Baths 3,004 sqft Built 1995

$639,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $212.72
  • 3 Days on Market
  • MLS # : 6204922
  • Updated Date : 03/13/2021 at 19:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,004 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

A Sophisticated Custom Home, on an oversized cul-de-sac lot, located in the heart of beautiful Red Mountain Ranch. Inside you'll find vaulted ceilings highlighted by natural light streaming in through top rated Pella Windows. Newly remodeled master bath with standalone soaking tub and oversized shower are a must see. Step outside to your private resort style backyard with a salt chlorinated pool & custom waterfall; checkout the concrete pavers made with tumbled sea shells. An entertainer's dream or your own getaway / retreat. Built-in outdoor BBQ & bar, with pergola/shade along with a fire pit make it ideal for any occasion. Finish the day overlooking your gorgeous backyard from your private 2nd story patio; incredible Arizona Sunsets and Mountain Views abound.Store all your toys in the

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k408k

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

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342211

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$575,100$702,900$639,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$2,219
Property Tax -$332
Property Insurance -$86
HOA -$14
Property Management Fees -$99
CASH FLOW
-$169

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.

$639,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.0%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

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$175,085

INVESTMENT

$175,085

Down Payment
$159,750
Rehab Estimate
$5,750
Closing Costs
$9,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,219

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $159,750
Loan Amount $479,250
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$23,941

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,964

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,500
1$2,5002$2,5803$2,6904$2,950
$2,950
RENT COMPS ANALYSIS
  • 6034 E Vermillion Circle Mesa, AZ 2
    • 4 beds 2 baths ∙ 3,004 Sqft ∙ Built 1995 4 beds 2 baths ∙ 3,004 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.86
    •  
  • 6121 E Saddleback Street Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,723 Sqft ∙ Built 1987
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
  • 6052 E Virginia Street Mesa, AZ 3
    • 5 beds 4 baths ∙ 2,783 Sqft ∙ Built 1995 5 beds 4 baths ∙ 2,783 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,690
    • $0.97
    •  
  • 3643 N Eagle Canyon -- Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Donna Walkosz
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6204922
Last Updated: 03/13/2021
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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