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3651 N Sagewood Circle Mesa, AZ 85207

4 Beds 3 Baths 2,888 sqft Built 2006

$695,900

List Price

$2,840

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $240.96
  • 2 Days on Market
  • MLS # : 6160628
  • Updated Date : 11/14/2020 at 14:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,888 sqft
  • Baths : 2 full , 1 half
Listing Agent

Superlative Realty

Listing Agent's Description

Lovely Tuscan style single level home on corner lot of cul-de-sac. Private courtyard entry leads to bright, spacious great room . Beautiful gourmet kitchen with 6 burner gas cooktop, new accent tile backsplash, large island with breakfast bar and plenty of storage in 42 inch premium cabinets. Enjoy the mountain and poolside view from the eat in kitchen nook. Split floor plan allows for private master suite with gas fireplace, abundant windows with mountain view, and direct access to back yard and HEATED lap pool. Extra large 4th bedroom great for guests or growing family. Home interior freshly painted, recently updated luxury vinyl plank flooring in bedrooms and dining room and new recessed LED lighting throughout entire home! New 5 ton 14 SEER heat pump just installed. See this gem today

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 7

Franklin At Alma Elementary School

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Franklin At Alma Elementary School

  • Education Level: Middle
  • # of students: 280
  • # of teachers: 13
10
GreatSchools Rating

Fremont Junior High School

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

$626,310$765,490$695,900

PURCHASE PRICE

$2,556$3,124$2,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,840
EXPENSES Loan Payment -$2,568
Property Tax -$402
Property Insurance -$83
HOA -$365
Property Management Fees -$99
CASH FLOW
-$677

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.

$695,900

PROJECTED PRICE

$2,840

PROJECTED RENT

0.41%

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-$15k-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,164

INVESTMENT

$190,164

Down Payment
$173,975
Rehab Estimate
$5,750
Closing Costs
$10,439

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,568

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $173,975
Loan Amount $521,925
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$2,892

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,840

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,888

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,450
1$2,4502$2,7503$2,8004$2,8405$2,950
$2,950
RENT COMPS ANALYSIS
  • 3651 N Sagewood Circle Mesa, AZ 4
    • 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,840
    • $0.98
    •  
  • 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
    •  
  • 3630 N Canyon Wash Circle Mesa, AZ 2
    • 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
    •  
  • 7643 E Torrey Point Circle Mesa, AZ 3
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2002
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
  • 3643 N Eagle Canyon -- Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.07
    •  
PROPERTY LISTING DETAILS
Lisa Roundtree
Superlative Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160628
Last Updated: 11/14/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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