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8126 E Onza Avenue Mesa, AZ 85212

3 Beds 2 Baths 1,544 sqft Built 1997

$330,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $213.73
  • 3 Days on Market
  • MLS # : 6162846
  • Updated Date : 11/21/2020 at 08:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,544 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Your dream house is here! Beautiful single level home now available in popular Mesa is waiting just for you. Providing great curb appeal and desert front landscaping. Impressive interior is complete with everything you have been looking for. Starting with 3 bed, 2 bath, living/dining area, neutral color palette, perfectly sized den, and several windows that bring in so much natural light. Enjoy cooking in this impeccable kitchen offering pantry, breakfast bar, honey oak cabinetry, granite counter-tops, fluorescent lighting, and high-end appliances. Bright master bedroom includes a walk-in closet and spotless full bathroom. Enjoy your gatherings in this lovely backyard with covered patio, grassy areas, and refreshing pool. What are you waiting for? Call today! This house can be yours now!

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
Boulder Creek Elementary School Primary Regular 690 42 6
Desert Ridge Jr. High School Middle Regular 1,377 60 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

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,218
Property Tax -$199
Property Insurance -$57
HOA -$12
Property Management Fees -$99
CASH FLOW
-$135

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.

$330,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$12,945

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
  • $1,444

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,5254$1,5505$1,565
$1,565
RENT COMPS ANALYSIS
  • 8126 E Onza Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8917 E Oro Circle Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2002 3 beds 3 baths ∙ 1,566 Sqft ∙ Built 2002
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 8543 E Lakeview Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.92
    •  
  • 8548 E Laguna Azul Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,664 Sqft ∙ Built 2001
    LEASED 10/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.93
    •  
  • 8526 E Meseto Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,666 Sqft ∙ Built 2000
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,565
    • $0.94
    •  
PROPERTY LISTING DETAILS
William M Davidson
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162846
Last Updated: 11/21/2020
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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