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9529 E Monterey Avenue Mesa, AZ 85209

5 Beds 3 Baths 2,800 sqft Built 2001

$475,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $169.64
  • 3 Days on Market
  • MLS # : 6206767
  • Updated Date : 03/20/2021 at 19:52
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

MOVE-IN READY 5 bed PLUS loft, 2.5 ba home in desirable Augusta Ranch! Functional floor plan with dramatic vaulted ceilings and bright natural light t/o. Downstairs you'll find 2 large living spaces + a bedroom/ den and half bath for guests. Updated kitchen overlooks the family room with cozy fireplace and offers abundant cabinet space + pantry, SS appliances, GAS range, granite counters, and island with granite slab seating space. Upstairs you'll find a HUGE loft plus 3 generously sized secondary bedrooms, full guest bath w/ dual vanity and spacious owner's suite with double door entry, full bath w/ dual vanity, and large walk-in closet. Home features NEW carpet, fresh paint, and 2 NEW Trane A/C units. Backyard offers covered patio, sparkling pool, and RV gate w/ slab parkling space.

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
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,650
Property Tax -$287
Property Insurance -$82
HOA -$23
Property Management Fees -$99
CASH FLOW
-$140

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.

$475,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.42%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$16,133

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,093

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0493$2,2004$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 9529 E Monterey Avenue Mesa, AZ 1
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 2936 S Sierra Heights Drive Mesa, AZ 2
    • 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,886 Sqft ∙ Built 2003
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.71
    •  
  • 9812 E Nopal Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,800 Sqft ∙ Built 2000
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 10419 E Kiva Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,075 Sqft ∙ Built 2005
    LEASED 02/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.72
    •  
  • 9732 E Natal Avenue Mesa, AZ 5
    • 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2000
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.77
    •  
PROPERTY LISTING DETAILS
Kyle J. N. Bates
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206767
Last Updated: 03/20/2021
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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