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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $238.98
- 2 Days on Market
- MLS # : 6197019
- Updated Date : 02/20/2021 at 14:30
CONSTRUCTION
- Beds : 5
- Floor Size : 3,427 sqft
- Baths : 4 full
Listing Agent
Realty Executives
Listing Agent's Description
Welcome to this simply stunning home w/ Red Mountain,GOLF & Mountain views. Located in Las Sendas on the 16th hole of Las Sendas golf course. Views are breath taking! Home is remodeled & is timeless. Rare 5 bedroom 4 bath. Enter into vaulted ceilings, formal living room & dining room, tile & wood floors. Updated fixtures & pottery barn lighting. Kitchen has built in sub zero fridge,all SS GE Monogram appliances, granite slab counter top, oversized island w/ cooktop all open to family room w/ tile flooring w/ stone gas FP. Huge windows over looking the pool & mountain.1st floor bedroom & full bath. Private master bedroom w/ view deck & the views get better! Remodeled master bath. 3 other bedrooms & 2 baths.Backyard is perfect! Pool, spa, gas fire pit, built in BBQ w/ golf & mountain views.
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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 | $3,010 |
| EXPENSES | Loan Payment | -$2,845 |
| Property Tax | -$425 | |
| Property Insurance | -$94 | |
| HOA | -$40 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$493
|
||
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.
$819,000
PROJECTED PRICE
$3,010
PROJECTED RENT
0.37%
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
$222,785
LOAN DETAILS
$2,845
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $204,750 |
| Loan Amount | $614,250 |
2.33
YEARS SAVED
$13,716
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
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$0
LIST RENT -
$0
LIST RENT PER SQFT
-
$3,336
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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3413 N Boulder Canyon -- Mesa, AZ 1
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- $0
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- 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 1999
LEASED 09/15/19- Rent
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- $3,400
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7146 E Sandia Circle Mesa, AZ 3
- 4 beds 4 baths ∙ 3,722 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,722 Sqft ∙ Built 2006
LEASED 10/05/19- Rent
- Rent Per SQFT
- $3,500
- $0.94
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3537 N Sonoran Heights -- Mesa, AZ 4
- 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998
LEASED 08/15/20- Rent
- Rent Per SQFT
- $3,600
- $0.98
PROPERTY LISTING DETAILS
Realty Executives
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6197019
Last Updated: 02/20/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
