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320 N Sandal -- Mesa, AZ 85205

4 Beds 3 Baths 2,415 sqft Built 2017

$415,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $171.84
  • 3 Days on Market
  • MLS # : 6209768
  • Updated Date : 03/19/2021 at 22:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,415 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

LOOKING FOR THAT SPECIAL PLACE TO CALL HOME, FROM YOUR FIRST STEP INSIDE YOU KNOW YOU HAVE FOUND IT. THE HUGE ISLAND KITCHEN WITH GRANITE COUNTER TOPS AND TILE BACK SPLASH HAS ALL THE DESIGNER DETAILS YOU ARE LOOKING FOR. STAINLESS STEEL APPLIANCES AND GAS STOVE MAKES A WONDERFUL GOURMET KITCHEN. LIVING ROOM OPENS TO THE OUT SIDE PATIO THAT HAS A GREEN BELT VIEW. THREE BEDROOMS UPSTAIRS, ONE BEDROOM AND FULL BATH DOWNSTAIRS. LARGE MASTER BEDROOM IS FULL OF LIGHT AND HAS A SPA SETTING MASTER BATH WITH SOAKING TUB AND SEPERATE SHOWER, DOUBLE SINKS AND A HUGE WALK-IN CLOSET. FAMILY ROOM, LAUNDRY ROOM ANS SITTING ROOM UPSTAIRS. 2 CAR GARAGE WITH ADDED HANGING STORAGE FOR EXTRA SPACE. COMMUNITY POOL IN BEAUTIFUL PARK LIKE SETTING. SHOWINGS ONLY DURING SATURDAY & SUNDAY 10-3 OPEN HOUSE STYLE.

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
Shepherd Junior High School Middle Regular 627 35 7
Red Mountain High School High Regular 3,347 145 7

Shepherd Junior High School

  • Education Level: Middle
  • # of students: 627
  • # of teachers: 35
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,441
Property Tax -$259
Property Insurance -$74
HOA -$93
Property Management Fees -$99
CASH FLOW
-$97

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.

$415,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.45%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$16,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,095

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7503$1,8704$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 320 N Sandal -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,415 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.77
    •  
  • 1234 N Balboa Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2018
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.78
    •  
  • 5360 E Carol Avenue Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 2005
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 6846 E Butte Street Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,118 Sqft ∙ Built 2020
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 6850 E Butte Street Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,222 Sqft ∙ Built 2020
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
PROPERTY LISTING DETAILS
Kathy Ostermeyer Watts
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209768
Last Updated: 03/19/2021
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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