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156 N Sandal -- Mesa, AZ 85205

3 Beds 3 Baths 1,737 sqft Built 2017

$360,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $207.25
  • 3 Days on Market
  • MLS # : 6211998
  • Updated Date : 03/26/2021 at 13:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,737 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Great 3 bedroom / 2.5 bath 4 year old home. Home boasts tile in all the right places in living space. Open floor plan, Kitchen has granite counter tops with large island, beautiful new backsplash and large dining space. There is a half bath downstairs with understairs storage that has been converted to a reading nook / study area. Upstairs is small loft, 3 spacious bedrooms and two full baths. Master has a large walk-in closet, separate tub and shower and double sinks. The 2nd full bath has double sinks as well. Quaint court yard for relaxing in the morning with a cup of coffee or after a long day.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k271k

* 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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,250
Property Tax -$225
Property Insurance -$61
HOA -$93
Property Management Fees -$99
CASH FLOW
-$199

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.

$360,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.43%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,190

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,628

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,530
1$1,5302$1,5953$1,5954$1,5995$1,700
$1,700
RENT COMPS ANALYSIS
  • 156 N Sandal -- Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.88
    •  
  • 317 N 56th Place Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,738 Sqft ∙ Built 2018
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 304 N 56th Place Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,737 Sqft ∙ Built 2018
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 312 N Sandal Place Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,554 Sqft ∙ Built 2017
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.03
    •  
  • 229 N Sandal -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017
    LEASED 10/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
PROPERTY LISTING DETAILS
Dena Greenawalt
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6211998
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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