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6838 E Ingram Circle Mesa, AZ 85207

6 Beds 4 Baths 4,047 sqft Built 2012

$999,999

List Price

$3,080

$2.8K - $3.3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $247.10
  • 3 Days on Market
  • MLS # : 6157126
  • Updated Date : 11/06/2020 at 17:07
CONSTRUCTION
  • Beds : 6
  • Floor Size : 4,047 sqft
  • Baths : 4 full
Listing Agent

Homesmart

Listing Agent's Description

COMPLETELY REMODELED modern farmhouse style custom home in a cul de sac + NEWLY BUILT guest house with floor to ceiling window slider to match. 6 bed/ 4 bath estate overlooking salt water pebble tech pool/ spa, cabana, built in BBQ and fire pit. Highly efficient solar system! ALL new Travertine decking, synthetic grass and RV gate. 3 car garage. Wood tile, waterfall quartz countertops, wood beams, custom iron front door and gorgeous lighting illuminate this beautiful home. Huge custom open kitchen with gas range and designer backsplash and tile that runs to the ceiling! Classy closets and master bathroom of your dreams. 300k in recent upgrades! Entertainer's playground in gated custom neighborhood.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 7

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$899,999$1,099,999$999,999

PURCHASE PRICE

$2,772$3,388$3,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,080
EXPENSES Loan Payment -$3,690
Property Tax -$516
Property Insurance -$106
HOA -$51
Property Management Fees -$99
CASH FLOW
-$1,382

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.

$999,999

PROJECTED PRICE

$3,080

PROJECTED RENT

0.31%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$270,750

INVESTMENT

$270,750

Down Payment
$250,000
Rehab Estimate
$5,750
Closing Costs
$15,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$3,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $250,000
Loan Amount $749,999
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$453

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,080

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $3,177

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$3,080
1$3,0802$3,2003$3,295
$3,295
RENT COMPS ANALYSIS
  • 6838 E Ingram Circle Mesa, AZ 1
    • 6 beds 4 baths ∙ 4,047 Sqft ∙ Built 2012 6 beds 4 baths ∙ 4,047 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $3,080
    • $0.76
    •  
  • 8130 E Kael Street Mesa, AZ 2
    • 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 2002
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.79
    •  
  • 7543 E Kael Circle Mesa, AZ 3
    • 5 beds 4 baths ∙ 4,229 Sqft ∙ Built 2001 5 beds 4 baths ∙ 4,229 Sqft ∙ Built 2001
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.78
    •  
PROPERTY LISTING DETAILS
Aaron Whitley
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157126
Last Updated: 11/06/2020
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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