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9837 E Inglewood Street E Mesa, AZ 85207

5 Beds 3 Baths 3,144 sqft Built 2005

$799,000

List Price

$2,960

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $254.13
  • 4 Days on Market
  • MLS # : 6203607
  • Updated Date : 03/26/2021 at 18:02
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,144 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Nestled against your private Sonoran hillside with views of Usury Park and the Superstition Mountains from your front door, this single story home is waiting the most discerning of buyers. This 5 bedroom, 2.5 bath with 3 car garage is located in the gated community of Whisper Mountain in NE Mesa.Gorgeous hardwood flooring in all the main living areas, this single story home features a spacious and open floorplan. Flagstone entry with double doors and wrought iron security doors lead you into this beautiful home. The kitchen is spacious and features a large kitchen island, commercial grade appliances, walk in pantry and large eat in area with exterior access to the backyard. The great room adjoins the kitchen and is finished iwth gas fireplace and offers views of the outdoor resort styl

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
Smith Junior High School Middle Regular 988 51 6
Skyline High School High Regular 2,567 121 5

Smith Junior High School

  • Education Level: Middle
  • # of students: 988
  • # of teachers: 51
6
GreatSchools Rating

Skyline High School

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

$719,100$878,900$799,000

PURCHASE PRICE

$2,664$3,256$2,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,960
EXPENSES Loan Payment -$2,775
Property Tax -$415
Property Insurance -$88
HOA -$118
Property Management Fees -$99
CASH FLOW
-$535

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.

$799,000

PROJECTED PRICE

$2,960

PROJECTED RENT

0.37%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$217,485

INVESTMENT

$217,485

Down Payment
$199,750
Rehab Estimate
$5,750
Closing Costs
$11,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,775

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,750
Loan Amount $599,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$12,023

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,960

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $3,092

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,495
1$2,4952$2,9603$3,2004$3,295
$3,295
RENT COMPS ANALYSIS
  • 9837 E Inglewood Street E Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,144 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,144 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,960
    • $0.94
    •  
  • 8528 E Inca Street Mesa, AZ 1
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2008
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.89
    •  
  • 2756 N Cabot Circle Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 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
Rosann Williams
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6203607
Last Updated: 03/26/2021
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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