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9843 E Naranja Avenue Mesa, AZ 85209

5 Beds 4 Baths 3,119 sqft Built 2002

$539,900

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $173.10
  • 2 Days on Market
  • MLS # : 6208678
  • Updated Date : 03/20/2021 at 14:37
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,119 sqft
  • Baths : 4 full
Listing Agent

Homesmart Lifestyles

Listing Agent's Description

Beautiful home in the coveted golf course community of Augusta Ranch. Home is 3100+ sq ft with 5 bedrooms, 4 baths with a grand two-story entrance with decorative stone. There is a formal dining and living room, large kitchen with plenty of cabinets, pantry, island and a spacious family room. Also, downstairs is an office with adjoining full bath with door to access the backyard pool. Upstairs has a large master suite with walk-in closet, double sinks, garden tub and separate shower. Even larger guest suite or game room with private bath and walk-in closet. And two more bedrooms connected by jack-n-jill bath. The resort style backyard is made for entertaining with oversized pool and green space for kids to play, cafe lighting, shed and mature fruit trees.

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
 

$485,910$593,890$539,900

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,875
Property Tax -$326
Property Insurance -$88
HOA -$23
Property Management Fees -$99
CASH FLOW
-$91

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.

$539,900

PROJECTED PRICE

$2,320

PROJECTED RENT

0.43%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,824

INVESTMENT

$148,824

Down Payment
$134,975
Rehab Estimate
$5,750
Closing Costs
$8,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,875

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $134,975
Loan Amount $404,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,190

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
  • $2,285

    COMP ESTIMATED VALUE
  • $0.73

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0493$2,2004$2,3955$2,500
$2,500
RENT COMPS ANALYSIS
  • 9843 E Naranja Avenue Mesa, AZ 1
    • 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2002 5 beds 4 baths ∙ 3,119 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 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
    •  
  • 10419 E Kiva Avenue Mesa, AZ 3
    • 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 4
    • 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
    •  
  • 9641 E Laguna Azul Avenue Mesa, AZ 5
    • 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,409 Sqft ∙ Built 2000
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.73
    •  
PROPERTY LISTING DETAILS
Dannielle A Dilger
Homesmart Lifestyles
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208678
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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