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9506 E Northridge Circle Mesa, AZ 85207

4 Beds 4 Baths 2,766 sqft Built 2000

$649,900

List Price

$2,740

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $234.96
  • 6 Days on Market
  • MLS # : 6153541
  • Updated Date : 10/30/2020 at 18:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,766 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

RARE CHANCE TO CALL THIS BEAUTIFUL RESIDENCE HOME! SITUATED ON A VIEW LOT IN A CUL-DE-SAC! 3 BDR & LARGE OFFICE/4TH BDRM. 3.5 BATHS, BRIGHT OPEN FLOOR PLAN, WOLF SS APPLIANCES, GRANITE CNTRS. NEW PAINT, NEW LIGHTING ALONG WITH STUNNINGLY DESIGNED BATHS AND SHOWERS. ALL COMPLETED IN MARCH 2020. NEW ROOF INSTALLED 03/2020. 12' CEILINGS, 2 MASTR SUITES. SPACIOUS PATIO, OUTDO0R KITCHEN W/ BUILT-IN GAS GRILL, RELAX IN AN INVITING SALT WATER POOL WITH H20 FALLS. ALL BDRMS HAVE PRIVATE BATHS. 3 CGAR. RV GATE! LARGE LOT, THE LIST GOES ON!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k322k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Skyline High School High Regular 2,567 121 5

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$584,910$714,890$649,900

PURCHASE PRICE

$2,466$3,014$2,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,740
EXPENSES Loan Payment -$2,398
Property Tax -$337
Property Insurance -$81
HOA -$22
Property Management Fees -$99
CASH FLOW
-$197

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.

$649,900

PROJECTED PRICE

$2,740

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$177,974

INVESTMENT

$177,974

Down Payment
$162,475
Rehab Estimate
$5,750
Closing Costs
$9,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $162,475
Loan Amount $487,425
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$31,227

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
  • $2,904

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4003$2,6004$3,295
$3,295
RENT COMPS ANALYSIS
  • 9506 E Northridge Circle Mesa, AZ 1
    • 4 beds 4 baths ∙ 2,766 Sqft ∙ Built 2000 4 beds 4 baths ∙ 2,766 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8257 E Redberry -- Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2012
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 1955 N Red Cliff -- Mesa, AZ 3
    • 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,423 Sqft ∙ Built 2017
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.07
    •  
  • 9552 E Kramer Circle Mesa, AZ 4
    • 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 1998 4 beds 4 baths ∙ 3,026 Sqft ∙ Built 1998
    LEASED 07/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $1.09
    •  
PROPERTY LISTING DETAILS
Annette Henderson
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153541
Last Updated: 10/30/2020
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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