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8006 E Plata Avenue Mesa, AZ 85212

4 Beds 2 Baths 2,532 sqft Built 1999

$425,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $167.85
  • 3 Days on Market
  • MLS # : 6199779
  • Updated Date : 02/26/2021 at 20:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,532 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

ONE OF RYLAND'S MOST POPULAR FLOOR PLANS, 4 BEDROOM 2 BATH SPLIT FLOOR PLAN HOME IN DESIRABLEBOULDER CREEK SUB.KITCHEN HAS CUSTOM GRANITE COUNTERTOPS AND VERY OPEN, CEILING FANS T/OUT, PEBBLE TEC ''SALT WATER'' POOL, HUGE RAMADA GREAT FOR INTERTAINING. MATURE FRUIT TREES. 3 CAR GARAGE W/BUILT INS. PROPERTY HASSOLER PANELS WITH A VERY LOW MONTHLY FEES. AND MUCH MORE

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Boulder Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k290k

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

Neighborhood: Boulder Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2105011001150120012501300135014001450150015501600Rent in $10181639

* 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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

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

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,476
Property Tax -$257
Property Insurance -$77
HOA -$17
Property Management Fees -$99
CASH FLOW
$155

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.

$425,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.4%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$40,342

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
  • $2,216

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8753$1,9954$2,2655$2,295
$2,295
RENT COMPS ANALYSIS
  • 8006 E Plata Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,532 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,532 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7323 E Navarro Avenue Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,212 Sqft ∙ Built 1996
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.85
    •  
  • 7422 E Navarro Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,259 Sqft ∙ Built 1996
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 7051 E Onza Avenue Mesa, AZ 4
    • 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 5
    • 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
    •  
PROPERTY LISTING DETAILS
Jose Munoz
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199779
Last Updated: 02/26/2021
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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