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214 N Sandal -- Mesa, AZ 85205

3 Beds 3 Baths 1,942 sqft Built 2017

$339,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $175.03
  • 2 Days on Market
  • MLS # : 6165484
  • Updated Date : 11/28/2020 at 21:58
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,942 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Turnkey home built in 2017 in Albany. Community offers a large community pool, play grounds and lots of green grass for the kids or your dog. This 3 Bedroom Plus Loft home is on the Greenbelt (only 1 of 12 lots in the community in the greenbelt). Great Room Floorplan with Kitchen offering lots of cabinets and Granite Counter space with large Island. Tile t/o the 1st level. Finished side yard with no maintenance artificial grass and pavers. Ceiling fans, blinds, washer & dryer make this home ready for your buyer to move-in.

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
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,254
Property Tax -$213
Property Insurance -$65
HOA -$93
Property Management Fees -$99
CASH FLOW
-$144

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.

$339,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.46%

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$12k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,950

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5803$1,5954$1,7005$1,745
$1,745
RENT COMPS ANALYSIS
  • 214 N Sandal -- Mesa, AZ 2
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.81
    •  
  • 6710 E University Drive #134 Mesa, AZ 1
    • 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,628 Sqft ∙ Built 2004
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 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 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.92
    •  
  • 229 N Sandal -- Mesa, AZ 4
    • 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
    •  
  • 234 N 56th Place Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,942 Sqft ∙ Built 2018
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tony Deandrea
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6165484
Last Updated: 11/28/2020
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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