Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2954 N Sonoran Hills Mesa, AZ 85207

3 Beds 2 Baths 1,919 sqft Built 2016

$369,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $192.76
  • 3 Days on Market
  • MLS # : 6170072
  • Updated Date : 12/11/2020 at 15:52
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,919 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Northern Az

Listing Agent's Description

Stunning two-story with 3 bed, 2 bath, corner lot and rear vehicle entry garage. Spacious open floor plan with plank tile floors. Formal dining. Beautiful eat-in kitchen has custom white cabinets, gorgeous granite counters, SS appliances and a pantry. Charming powder room downstairs. Plantation shutters. Reading nook loft. sizable bedrooms. Large master has a full bath that includes a split double vanity, soaking tub, separate shower and walk-in closet. Laundry is conveniently located upstairs. The backyard has a brick pavered patio and synthetic lawn area. Close to schools, shopping and the 202. Make this your new home today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Las Sendas

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $109k477k

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

Neighborhood: Las Sendas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10342434

* 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
Fremont Junior High School High Regular 976 48 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

Fremont Junior High School

  • Education Level: High
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating
 

$332,910$406,890$369,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,365
Property Tax -$192
Property Insurance -$65
HOA -$150
Property Management Fees -$99
CASH FLOW
$90

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$369,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 2.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$32,986

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,977

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9604$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 2954 N Sonoran Hills Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,919 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.02
    •  
  • 2918 N Athena -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.02
    •  
  • 2919 N Athena -- Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019 3 beds 2 baths ∙ 1,769 Sqft ∙ Built 2019
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.05
    •  
  • 2957 N Brighton -- Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,961 Sqft ∙ Built 2016
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 2963 N Sonoran Hills -- Mesa, AZ 5
    • 3 beds 4 baths ∙ 2,037 Sqft ∙ Built 2017 3 beds 4 baths ∙ 2,037 Sqft ∙ Built 2017
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
PROPERTY LISTING DETAILS
Travis R Bard
Keller Williams Northern Az
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170072
Last Updated: 12/11/2020
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.

BESbswy