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3530 N Hawes Road #9 Mesa, AZ 85207

4 Beds 3 Baths 3,065 sqft Built 1993

$943,000

List Price

$3,200

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $307.67
  • 5 Days on Market
  • MLS # : 6208436
  • Updated Date : 03/21/2021 at 00:42
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,065 sqft
  • Baths : 2 full , 1 half
Listing Agent

Dwell Realty

Listing Agent's Description

Mtn Views! City Lights! Beautifully remodeled 2 story home on a one of a kind acre lot in a RARE premier gated community. Your own Private Botanical Garden walk with dozens of mature Saguaro and trees. Kitchen finished with granite countertops, stainless appliances, 2 pantries. Large eating area opens to the family room w/ exterior access to scenic backyard. Spacious family room with luxurious wood burning stone fireplace. Downstairs bedroom has its own private bath. Surrounded by custom homes, PERFECT LOCATION - 20 Minutes to PHX airport AND boating in Saguaro Lake!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $109k559k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10342843

* 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
 

$848,700$1,037,300$943,000

PURCHASE PRICE

$2,880$3,520$3,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,200
EXPENSES Loan Payment -$3,275
Property Tax -$489
Property Insurance -$87
HOA -$3
Property Management Fees -$99
CASH FLOW
-$753

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.

$943,000

PROJECTED PRICE

$3,200

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$255,645

INVESTMENT

$255,645

Down Payment
$235,750
Rehab Estimate
$5,750
Closing Costs
$14,145

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$3,275

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $235,750
Loan Amount $707,250
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$8,213

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,200

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $3,080

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7003$2,7504$3,2005$3,300
$3,300
RENT COMPS ANALYSIS
  • 3530 N Hawes Road #9 Mesa, AZ 4
    • 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,065 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $1.04
    •  
  • 3060 N Ridgecrest -- #76 Mesa, AZ 1
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1997 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 1997
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.90
    •  
  • 3741 N Ladera Circle Mesa, AZ 2
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2001
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.99
    •  
  • 3630 N Canyon Wash Circle Mesa, AZ 3
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.01
    •  
  • 8040 E Vista Canyon Street Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2005
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.12
    •  
PROPERTY LISTING DETAILS
Charles Schubert
Dwell Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6208436
Last Updated: 03/21/2021
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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