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7121 E Posada Avenue Mesa, AZ 85212

4 Beds 3 Baths 2,736 sqft Built 2017

$524,900

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $191.85
  • 3 Days on Market
  • MLS # : 6181109
  • Updated Date : 01/16/2021 at 23:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,736 sqft
  • Baths : 3 full
Listing Agent

United Brokers Group

Listing Agent's Description

An Incredible Opportunity to purchase a stunning home in Morrison Ranch, the Huge great room is light & bright & opens to the stunning kitchen & dining area, the kitchen comes complete with , white cabinets & Counter tops, gas cooktop & wall oven & microwave, walk-in pantry & more, Wow! the flooring is highly upgraded to plank tile, the striking custom built-in entertainment cabinets in the great room & barnwood shiplap on the entry ceiling, add an exquisite touch to the great room, the Master Suite is an oasis for the soul, the spa like master bath features quartz vanities & tile as well as a spacious shower & walk-in closet, two secondary bedrooms share a jack & jill bath, perfect for family or guests, the vast 9100 sq. foot homesite rounds out this amazing home, this is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

* 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
Boulder Creek Elementary School Primary Regular 690 42 6
Highland Jr High School Middle Regular 1,269 59 8
Desert Ridge High School High Regular 2,752 119 6

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 690
  • # of teachers: 42
6
GreatSchools Rating

Highland Jr High School

  • Education Level: Middle
  • # of students: 1,269
  • # of teachers: 59
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$472,410$577,390$524,900

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,823
Property Tax -$317
Property Insurance -$81
HOA -$30
Property Management Fees -$99
CASH FLOW
-$70

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.

$524,900

PROJECTED PRICE

$2,280

PROJECTED RENT

0.43%

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$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$20k

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$144,849

INVESTMENT

$144,849

Down Payment
$131,225
Rehab Estimate
$5,750
Closing Costs
$7,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,823

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $131,225
Loan Amount $393,675
See What Happens When You Reinvest Cash Flow

4.83

YEARS SAVED

$25,940

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
  • $2,319

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2654$2,2955$2,400
$2,400
RENT COMPS ANALYSIS
  • 7121 E Posada Avenue Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,736 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 4131 E Cullumber Court Gilbert, AZ 2
    • 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,734 Sqft ∙ Built 2005
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 7051 E Onza Avenue Mesa, AZ 3
    • 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2017
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,265
    • $0.88
    •  
  • 7404 E Osage Avenue Mesa, AZ 4
    • 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,572 Sqft ∙ Built 2015
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.89
    •  
  • 7552 E Onza Avenue Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,926 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,926 Sqft ∙ Built 2014
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Daniel Moon
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6181109
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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