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2030 S Wattlewood Circle Mesa, AZ 85209

3 Beds 2 Baths 1,887 sqft Built 1999

$489,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $259.14
  • 3 Days on Market
  • MLS # : 6154781
  • Updated Date : 11/02/2020 at 16:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,887 sqft
  • Baths : 2 full
Listing Agent

Farnsworth Realty & Management Company

Listing Agent's Description

PROBABLY THE VERY BEST VIEW IN SUNLAND SPRINGS VILLAGE OF THE WATER, GOLF COURSE AND SUPERSTITION MOUNTAINS. POPULAR1750 FLOOR PLAN WITH FRONT KITCHEN WITH VIEWS PLUS DEN ALSO WITH THE SAME VIEWS. TONS OF UPGRADES INCLUDING GRANITE COUNTER TOPS,TILE ROOF, UPGRADED WINDOWS WITH WOOD SHUTTERS AND METAL ROLL DOWN SHUTTERS,ARCADIA DOORS IN MST. & BR. #2 TO THE BACK YARD, FLAGSTONE REARPATIO, BUILT IN CABINETS IN GARAGEINSULATED GARAGE DOOR, NEWLYPAINTED GARAGE FLOOR, CUSTOMENTRY FRONT PATIO. ***FURNITUREIS NEGOTIABLE***

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k340k

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

Neighborhood: Sunland Springs Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10181746

* 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
 

$440,100$537,900$489,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,804
Property Tax -$295
Property Insurance -$64
HOA -$5
Property Management Fees -$99
CASH FLOW
-$617

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.

$489,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.6%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,804

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$721

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6994$1,8955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2030 S Wattlewood Circle Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 11069 E Kilarea Avenue #125 Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 2002
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.90
    •  
  • 2605 S 106th Way Mesa, AZ 3
    • 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,730 Sqft ∙ Built 2016
    LEASED 01/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.98
    •  
  • 2633 S Tobin -- Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 2619 S 107th Street Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,148 Sqft ∙ Built 2016
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Roy Brandli
Farnsworth Realty & Management Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154781
Last Updated: 11/02/2020
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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