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3352 N Stone Gully -- Mesa, AZ 85207

3 Beds 4 Baths 2,385 sqft Built 2000

$655,000

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $274.63
  • 4 Days on Market
  • MLS # : 6208226
  • Updated Date : 03/25/2021 at 18:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,385 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Perfectly located on the 15th tee of the Las Sendas Golf Course, this beautiful single level enjoys golf course, mountain, and city light views & offers 3 bedrooms w/ 3 en-suite bathrooms, half bathroom, den/formal dining room, great room, & 2.5 car garage! This Cottonwood open floorplan includes exquisite finishes & upgrades such as slab granite countertops in the kitchen & bathrooms, stainless steel GE appliances, gas cooktop, 18 inch tile, gas fireplace in great room, wood plank tile in den & en-suite bathroom, water softener, RO system, tiled snail shower in master bathroom, freshly painted front exterior & more! Additionally, in 2019 both HVAC systems were replaced w/ 17 seer variable speed units, as well as a new roof, new water heater,& new variable speed pool pump were installed!

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
 

$589,500$720,500$655,000

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$2,275
Property Tax -$340
Property Insurance -$74
HOA -$40
Property Management Fees -$99
CASH FLOW
-$408

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.

$655,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.37%

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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

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$179,325

INVESTMENT

$179,325

Down Payment
$163,750
Rehab Estimate
$5,750
Closing Costs
$9,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $163,750
Loan Amount $491,250
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$10,314

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,451

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3004$2,4205$2,695
$2,695
RENT COMPS ANALYSIS
  • 3352 N Stone Gully -- Mesa, AZ 4
    • 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 2000 3 beds 4 baths ∙ 2,385 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.01
    •  
  • 3847 N Paseo Del Sol Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1999
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 3060 Ridgecrest -- #204 Mesa, AZ 2
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 3060 N Ridgecrest Drive #204 Mesa, AZ 3
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997
    property image
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 3634 N Desert Oasis -- Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1999
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.10
    •  
PROPERTY LISTING DETAILS
Laura Davis
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208226
Last Updated: 03/25/2021
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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