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9813 E Kiowa Avenue Mesa, AZ 85209

3 Beds 2 Baths 1,775 sqft Built 2001

$384,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $216.85
  • 4 Days on Market
  • MLS # : 6177858
  • Updated Date : 01/08/2021 at 17:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,775 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Fantastic opportunity to own this 3bed home tucked into the desirable golf course community of August Ranch. This gem features great curb appeal leading into the light and bright interior with vaulted ceilings, tile flooring and an open concept floorplan. Kitchen will delight any chef with ss appliances, granite countertops and a center island with breakfast bar seating. Spacious master retreat includes luxurious en suite with dual vanities, soaking tub and separate shower go straight to the yard through the sliding door . The beautiful backyard with covered patio and firepit is the perfect place to relax and enjoy the Arizona lifestyle year round. Community amenities include elementary school, volleyball courts, soccer fields, walking and bike baths, golf course, night security and more!

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
Augusta Ranch Elementary School Primary Regular 1,038 51 8
Augusta Ranch Elementary School Middle Regular 1,038 51 8
Desert Ridge High School High Regular 2,752 119 6

Augusta Ranch Elementary School

  • Education Level: Primary
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Augusta Ranch Elementary School

  • Education Level: Middle
  • # of students: 1,038
  • # of teachers: 51
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,337
Property Tax -$232
Property Insurance -$62
HOA -$22
Property Management Fees -$99
CASH FLOW
-$2

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.

$384,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.45%

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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$21,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,757

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,699
1$1,6992$1,7503$1,7954$1,7955$1,895
$1,895
RENT COMPS ANALYSIS
  • 9813 E Kiowa Avenue Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.99
    •  
  • 2258 S Abbey -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2004
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.89
    •  
  • 2144 S Keene Avenue Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1999
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 2104 S Joplin -- Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 2000
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.06
    •  
  • 9837 E Kiowa Avenue Mesa, AZ 5
    • 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2001
    property image
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
PROPERTY LISTING DETAILS
Russell Wald
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177858
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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