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$1,250,000

For Sale - Active
10611 E Tumbleweed Ave, Mesa, AZ 85212
5 Beds
5 Baths
3,996 Square Feet
0.26 Acres Lot
Built in 2020
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: May 22, 2025 at 08:26AM

Investment Summary


Monthly Cash Flow
-$2,782
Cap Rate
3.0%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.2%

Property Description


0.26 Acres Lot
Built in 2020
For Sale - Active
Units n/a

Through the gates past the spacious manicured grounds your almost new home awaits. Bright and open with lots of natural light. Entertain friends and family around the large kitchen (double ovens) island while others enjoy the large patio through 8'' open double sliders with remote shades. Others can congregate around the outside kitchen, relax in the spa or sit in the additional sitting area and enjoy the sound of the fountain. Enjoy the finest of finishings from one upgraded flooring throughout to a library ladder in pantry. Bedroom wing has its own sitting room, a craft room and an en-suite. Owned solar! Extra storage room in garage. Your lifestyle will include the fitness center (so get rid of the gym membership), the huge pool you don't maintain,the parks and many more amenities.

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Location


Property Details


Parking

  • Description: Electric Door Opener, Tandem
  • Details: Garage Door Opener, Tandem
  • Garage Spaces: 3
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 5.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile
  • Pool Community: Yes
  • Solar Panels: Yes

HOA

  • Has HOA: Yes
  • Association: EastMark
  • HOA Fee: $196/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 31217686
  • Lot Size: 11360 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 2020

Tax Information

  • Annual Tax: $5,583

Utilities

  • Water & Sewer: Public
  • Heating: Electric
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Kevin Weil
RE/MAX Excalibur
(602) 793-7492

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6739419
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$2,782
Cap Rate
3.0%
Cash-on-Cash Return
-11.6%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-7.2%

Purchase Details

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Purchase price:
$1,250,000
Amount financed:
-$1,000,000
Down payment:
$250,000
Closing costs:
$37,500
Rehab costs:
$0
Initial cash invested:
$287,500
Square feet:
3,996
Cost per square foot:
$313
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$1,000,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$5,915
Property tax:
$465
Insurance:
$385
Private mortgage insurance (PMI):
$0
Monthly payment:
$6,765

Operating Income

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% Rent Monthly Yearly
Gross rent:
$5,500 $66,000
Vacancy loss: (6%)
6% -$330 -$3,960
Operating income:
$5,170 $62,040

Operating Expenses


% Rent Monthly Yearly
Property taxes: (8%)
8%-$465-$5,583
Insurance: (7%)
7%-$385-$4,620
Property management: (8%)
8%-$440-$5,280
Repairs & maintenance: (5%)
5%-$275-$3,300
Capital expenditures: (5%)
5%-$275-$3,300
HOA fees: (4%)
4%-$197-$2,364
Total operating expenses: (37%)
37%-$2,037-$24,447

Cash Flow


Monthly Yearly
Net operating income:
$3,133 $37,596
Mortgage payments:
-$5,915 -$70,980
Cash flow:
$2,782 $33,384