Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

8619 E Onza Circle Mesa, AZ 85212

3 Beds 2 Baths 1,840 sqft Built 2001

$365,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $198.37
  • 3 Days on Market
  • MLS # : 6202832
  • Updated Date : 03/06/2021 at 01:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,840 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Elite

Listing Agent's Description

Incredible 3 bed/2 bath single story Mesa home available on a 1/4 acre cul-de sac lot in Eastridge. Gorgeous Inside and out this gem presents great curb appeal followed by a spacious open concept floor plan with tasteful finishes from wall to wall. Soaring vaulted ceilings, plantation shutters, warm custom paint tones, and attractive wood look flooring in all of the right places. Beautiful granite kitchen features a center island, a breakfast bar and a sunny dining nook. Impressive owners suite includes a walk-in closet and a full ensuite with dual vanities and a separate soaking tub and shower. You will love the secluded backyard oasis, complete with lush green landscaping, a covered patio and a sprawling grassy area. Its a great spot for pets, play, entertaining and more. See it today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eastridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k291k

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

Neighborhood: Eastridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181654

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,268
Property Tax -$220
Property Insurance -$63
HOA -$44
Property Management Fees -$99
CASH FLOW
-$94

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.

$365,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.2%
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$14k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$14,428

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,707

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6903$1,7954$1,8495$1,895
$1,895
RENT COMPS ANALYSIS
  • 8619 E Onza Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.87
    •  
  • 8737 E Onza Avenue Mesa, AZ 2
    • 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
    •  
  • 2818 S Channing Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1998
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.93
    •  
  • 8148 E Plata Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,039 Sqft ∙ Built 1998
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,849
    • $0.91
    •  
  • 9055 E Posada Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 2004
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Katie Painter
Keller Williams Elite
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6202832
Last Updated: 03/06/2021
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.

BESbswy