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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $183.02
- 3 Days on Market
- MLS # : 6155385
- Updated Date : 01/16/2021 at 16:09
CONSTRUCTION
- Beds : 4
- Floor Size : 2,732 sqft
- Baths : 3 full
Listing Agent
Russ Lyon Sotheby's International Realty
Listing Agent's Description
Stunning golf course location*Mountain views, breathtaking sunsets, city light views*In award winning Master Planned Community of Las Sendas in Mesa Foothills*Minutes to fine dining, shopping, hiking, kayaking, biking, riding, boating, airports*Las Sendas has heated pools, playground, trails, tennis, pickle ball, parks, community events*4 bedrooms , 3 baths, one bedroom/bath downstairs, kitchen, family room with fireplace, living and dining rooms, covered patio and view balcony with access from master bedroom*Pool and Spa*Property Sold As Is*Price reflects age of the home ***NO showings before January 17th***Reviewing all contracts, 6 PM January 22nd, contract must have response time by January 23rd***Call LA with questions
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PRICE & RENT TRENDS
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Las Sendas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,450 |
| EXPENSES | Loan Payment | -$1,737 |
| Property Tax | -$259 | |
| Property Insurance | -$80 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$234
|
||
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.
$500,000
PROJECTED PRICE
$2,450
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$138,250
LOAN DETAILS
$1,737
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $125,000 |
| Loan Amount | $375,000 |
7.67
YEARS SAVED
$50,604
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,450
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,561
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
3060 N Ridgecrest #149 -- #149 Mesa, AZ 3
- 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,450
- $0.90
-
2944 N Athena -- Mesa, AZ 1
- 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 2018
![property image]()
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.85
-
3060 N Ridgecrest -- #76 Mesa, AZ 2
- 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1997
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,450
- $0.90
-
3741 N Ladera Circle Mesa, AZ 4
- 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2001
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $2,700
- $0.99
-
3630 N Canyon Wash Circle Mesa, AZ 5
- 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000
![property image]()
LEASED 07/03/20- Rent
- Rent Per SQFT
- $2,750
- $1.01
PROPERTY LISTING DETAILS
Russ Lyon Sotheby's International Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6155385
Last Updated: 01/16/2021
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.
