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2756 S Marywood Circle Mesa, AZ 85209

3 Beds 3 Baths 2,463 sqft Built 2014

$640,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $259.85
  • 2 Days on Market
  • MLS # : 6190675
  • Updated Date : 02/06/2021 at 19:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,463 sqft
  • Baths : 2 full , 1 half
Listing Agent

Springs Realty

Listing Agent's Description

Beautiful curb appeal for this 3 bed + Den, 2.5 bath, & 2.5 car garage located in a large cul-de-sac lot in 55+ Sunland Springs Village! Tile floors throughout. 10' ceilings, 8' tall doors. Spacious open floor plan. The stunning eat-in kitchen has plenty of upgraded cabinets, beautiful cambria counters, island with breakfast bar, and SS appliances. Home office. Powder room off the main living area. Generous sized bedrooms. The large master bathroom includes no step shower, 2 sinks and a walk-in closet. Interior laundry has a wash sink and storage. The fantastic backyard is a perfect entertaining space with an epoxy full length covered patio, with mister system, sunscreens, putting green. and low-maintenance desert landscaping. Home is being sold almost completely furnished!

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
Desert Ridge Jr. High School Middle Regular 1,377 60 8
Desert Ridge High School High Regular 2,752 119 6
Desert Ridge Jr. High School Middle Unknown NA

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students: 1,377
  • # of teachers: 60
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating

Desert Ridge Jr. High School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$576,000$704,000$640,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$2,223
Property Tax -$386
Property Insurance -$75
HOA -$5
Property Management Fees -$99
CASH FLOW
-$608

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.

$640,000

PROJECTED PRICE

$2,180

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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$175,350

INVESTMENT

$175,350

Down Payment
$160,000
Rehab Estimate
$5,750
Closing Costs
$9,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,223

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $160,000
Loan Amount $480,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,363

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,825
1$1,8252$1,8953$2,0954$2,1805$2,300
$2,300
RENT COMPS ANALYSIS
  • 2756 S Marywood Circle Mesa, AZ 4
    • 3 beds 3 baths ∙ 2,463 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,463 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.89
    •  
  • 11436 E Prairie Avenue Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.80
    •  
  • 2633 S Tobin -- Mesa, AZ 2
    • 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
    •  
  • 11430 E Prairie Avenue Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2001
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.92
    •  
  • 10658 E Nido Avenue Mesa, AZ 5
    • 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,279 Sqft ∙ Built 2018
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Steven Coons
Springs Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190675
Last Updated: 02/06/2021
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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