Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1409 S Sinova Street Mesa, AZ 85206

4 Beds 3 Baths 2,135 sqft Built 2003

$365,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $170.96
  • 1 Days on Market
  • MLS # : 6168302
  • Updated Date : 12/05/2020 at 18:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,135 sqft
  • Baths : 3 full
Listing Agent

Jk Realty

Listing Agent's Description

Beautiful 4 bedroom 3 bathroom Tuscan style inspired home located in the very desirable San Michelle gated community. Formal living & dining with beautiful vaulted ceilings. Tile & carpet in all the right places. Spacious Eat-in kitchen with lots of room. Laundry conveniently located upstairs. Master has a full bath and walk-in closet. This home has a spacious backyard with opportunities to personalize. Access to a community pool and tot lot. Easy access to schools, shopping, dining and the US 60. This one will go fast!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: San Michelle

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $109k271k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: San Michelle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550Rent in $9991567

* 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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Mesa High School High Regular 3,406 155 4

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,347
Property Tax -$249
Property Insurance -$69
HOA -$115
Property Management Fees -$99
CASH FLOW
-$248

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.

$365,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.0%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,747

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
  • $1,820

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4953$1,7004$1,7955$1,899
$1,899
RENT COMPS ANALYSIS
  • 1409 S Sinova Street Mesa, AZ 1
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5719 E Garnet Circle Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,946 Sqft ∙ Built 1998
    property image
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.77
    •  
  • 5811 E Hoover Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 5861 E Hoover Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,038 Sqft ∙ Built 2006
    property image
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.88
    •  
  • 1342 S Salem -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 2007 3 beds 3 baths ∙ 2,038 Sqft ∙ Built 2007
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.93
    •  
PROPERTY LISTING DETAILS
Christopher Billey
Jk Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168302
Last Updated: 12/05/2020
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.

BESbswy