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

9466 E Kilarea Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,763 sqft Built 1999

$400,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $226.89
  • 2 Days on Market
  • MLS # : 6203378
  • Updated Date : 03/06/2021 at 20:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,763 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Integrity First

Listing Agent's Description

***MOVE-IN READY, MINT CONDITION IN EAST MESA!!***Don't miss this GORGEOUS 3bed/1.75bath home located in the HEART OF E. MESA! Beautifully maintained and loaded with extras including GRANITE COUNTER TOPS, TILE FLOORING, BRAND NEW CARPETING, NEW STAINLESS APPLIANCES....and A SPARKLING PEBBLE SHEEN POOL. Located in the highly sought-after AUGUSTA RANCH COMMUNITY, this one is LOADED WITH UPGRADES including FRESH INTERIOR PAINT and NEW AC SYSTEM!! Lots of shopping, restaurants, schools and easy freeway access nearby. Finishing touches include private COVERED PATIO area LARGE LOT with MATURE CITRUS TREES....ORANGE, GRAPEFRUIT and LEMON. A spacious 2-car garage with BUILT-IN CABINETS offers plenty of room for storage. HURRY, THIS ONE WON'T LAST LONG!!...

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Augusta Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,389
Property Tax -$241
Property Insurance -$62
HOA -$23
Property Management Fees -$99
CASH FLOW
-$74

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$400,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,824

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
  • $1,754

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,7004$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 9466 E Kilarea Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2333 S Compton -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2001
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 9533 E Keats Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,762 Sqft ∙ Built 1999
    LEASED 01/19/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 2144 S Keene Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 9366 E Kiva Avenue Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,838 Sqft ∙ Built 2000
    LEASED 01/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.02
    •  
PROPERTY LISTING DETAILS
Gus Palmisano
Keller Williams Integrity First
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203378
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