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1809 N Sundial -- Mesa, AZ 85205

4 Beds 3 Baths 2,413 sqft Built 1992

$499,500

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $207.00
  • 5 Days on Market
  • MLS # : 6153776
  • Updated Date : 10/30/2020 at 17:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,413 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Huge lot for outside fun and entertaining. Located in the Silverado , this home boasts open floor plan pool jacuzzi ,sports court lots of room for all the kids. The family room and eat-in kitchen offer a view of the extra-large outdoor living space. Formal Living and dining rooms have vaulted ceilings and the rest of the house has 9' ceilings. This property is located in the Mesa school districts, close to community parks, and a short drive to Usery Park and the Superstition Mountains. This home has a very high walking and biking score as well as easy access to major highways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k286k

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

Neighborhood: Alta Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21050110011501200125013001350140014501500155016001650Rent in $10181662

* 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
Red Mountain High School High Regular 3,347 145 7

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

Red Mountain High School

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

$449,550$549,450$499,500

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,843
Property Tax -$259
Property Insurance -$74
HOA -$6
Property Management Fees -$99
CASH FLOW
-$391

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.

$499,500

PROJECTED PRICE

$1,890

PROJECTED RENT

0.38%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

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$138,118

INVESTMENT

$138,118

Down Payment
$124,875
Rehab Estimate
$5,750
Closing Costs
$7,493

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,843

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,875
Loan Amount $374,625
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$8,229

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,033

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7993$1,8904$1,8955$2,024
$2,024
RENT COMPS ANALYSIS
  • 1809 N Sundial -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.78
    •  
  • 5865 E Jasmine Street Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,094 Sqft ∙ Built 1990
    LEASED 07/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 2329 N Recker Road #39 Mesa, AZ 2
    • 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,504 Sqft ∙ Built 1995
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.72
    •  
  • 909 N Seton Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,129 Sqft ∙ Built 1986
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.89
    •  
  • 6124 E Ingram Street Mesa, AZ 5
    • 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 1987
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,024
    • $0.92
    •  
PROPERTY LISTING DETAILS
Rick Katt
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153776
Last Updated: 10/30/2020
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.

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