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3346 N Boulder Canyon -- Mesa, AZ 85207

3 Beds 2 Baths 1,571 sqft Built 2003

$470,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $299.17
  • 1 Days on Market
  • MLS # : 6261421
  • Updated Date : 07/13/2021 at 13:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,571 sqft
  • Baths : 2 full
Listing Agent

Rickel Realty

Listing Agent's Description

Welcome to a home that is just waiting for you! Split bedroom plan offers each bedroom privacy in the home but then you can meet in the great gathering space - living area and open kitchen * Hall closet, Linen closet, Pantry and Laundry Room cabinets provide ample storage to tuck away your things! Ceiling fans in each room too! Back yard is adjacent to an natural open area * A stucco/view fence allows you to enjoy your back yard - with no neighbor directly behind your yard, you can appreciate the quiet and privacy * Move in ready if you want or update it to how you want it!

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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

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

Red Mountain High School

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

$423,000$517,000$470,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,632
Property Tax -$244
Property Insurance -$58
HOA -$40
Property Management Fees -$99
CASH FLOW
-$473

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.

$470,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.34%

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-$10k-$5.0k$0.0$5.0k$10k

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$130,300

INVESTMENT

$130,300

Down Payment
$117,500
Rehab Estimate
$5,750
Closing Costs
$7,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,500
Loan Amount $352,500
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,579

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,622

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,7504$1,7505$1,850
$1,850
RENT COMPS ANALYSIS
  • 3346 N Boulder Canyon -- Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 6641 E Roland Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 2003
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 6660 E Richmond Street Mesa, AZ 3
    • 4 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 3433 N Silverado Street Mesa, AZ 4
    • 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 2000
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.03
    •  
  • 3326 N Silverado -- Mesa, AZ 5
    • 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,702 Sqft ∙ Built 1999
    property image
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.09
    •  
PROPERTY LISTING DETAILS
Linda Pullan Rickel
Rickel Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6261421
Last Updated: 07/13/2021
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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