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8327 E Posada Avenue Mesa, AZ 85212

3 Beds 2 Baths 1,567 sqft Built 1998

$345,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $220.17
  • 4 Days on Market
  • MLS # : 6198874
  • Updated Date : 02/28/2021 at 01:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,567 sqft
  • Baths : 2 full
Listing Agent

Superlative Realty

Listing Agent's Description

Beautiful home in the desirable Boulder Creek subdivision. Very open floor plan with sizable windows letting in plenty of natural light. Great room concept with a large open kitchen & a center island for extra cabinet & counter space. Master suite is spacious with double sinks & walk-in closet. Substantial back yard has plenty of room for a pool. Low-maintenance front and back yards and a covered patio for great outdoor living. Convenient indoor laundry. Brand new roof in 2014. Solar panels for great energy efficiency. Great central location right by the freeway, shopping, schools & restaurants. Tenant in place until 7-31-21.

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
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,198
Property Tax -$208
Property Insurance -$58
HOA -$12
Property Management Fees -$99
CASH FLOW
-$145

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.

$345,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.41%

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,198

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,446

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,430
1$1,4302$1,5503$1,5954$1,5995$1,690
$1,690
RENT COMPS ANALYSIS
  • 8327 E Posada Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.91
    •  
  • 8548 E Laguna Azul Avenue Mesa, AZ 2
    • 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
    •  
  • 8907 E Plana Avenue Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,723 Sqft ∙ Built 2004
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 2856 S 81st Street Mesa, AZ 4
    • 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,752 Sqft ∙ Built 1997
    LEASED 09/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.91
    •  
  • 8737 E Onza Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,831 Sqft ∙ Built 2001
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.92
    •  
PROPERTY LISTING DETAILS
Connie Wong
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6198874
Last Updated: 02/28/2021
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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