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9937 E Medina Avenue Mesa, AZ 85209

3 Beds 2 Baths 2,208 sqft Built 2001

$459,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $207.88
  • 4 Days on Market
  • MLS # : 6175476
  • Updated Date : 01/01/2021 at 16:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,208 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

You'll love this charming home in the beautiful Augusta Ranch golf community. As you enter the foyer, you are greeted with an open floor plan with tons of natural light. This large 2208 Sqft home, feels even larger due to the excellent layout and design, allowing the greatest comfort for those family gatherings and holidays. Featuring 3 bedrooms, 2 full bathrooms and a den, this home has all the space you will ever need. The open concept kitchen features stainless steel appliances, a sizeable island, large pantry, and lovely views of the pool outside. This incredible property offers a tropical paradise right in your own backyard, complete with pebbletec pool, real rock waterfall, raised sun bed area for lounging, and an enormous covered patio with plenty of room for seating and

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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,694
Property Tax -$277
Property Insurance -$70
HOA -$22
Property Management Fees -$99
CASH FLOW
-$102

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.

$459,000

PROJECTED PRICE

$2,060

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$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$22,807

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
  • $1,949

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,0004$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 9937 E Medina Avenue Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1738 S Rialto -- Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1997
    property image
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 1714 S Rialto Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 1998
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 10419 E Javelina Avenue Mesa, AZ 4
    • 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,248 Sqft ∙ Built 2002
    property image
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 10509 E Olla Avenue Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,250 Sqft ∙ Built 2000
    property image
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
PROPERTY LISTING DETAILS
Christopher L Stedman
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6175476
Last Updated: 01/01/2021
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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