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3811 N Desert Oasis Circle Mesa, AZ 85207

5 Beds 3 Baths 3,862 sqft Built 1999

$710,000

List Price

$3,440

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $183.84
  • 3 Days on Market
  • MLS # : 6209707
  • Updated Date : 03/19/2021 at 21:22
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,862 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Spectacular 5 Bed 3 Bath home nestled in the heart of the Prestigious Gated Golf Community of Las Sendas. Open and Spacious Floorplan, recently added porcelain tile in downstairs family room-kitchen. Gorgeous Kitchen-Stunning dark walnut cabinets. Granite Counters. Stainless steel appl includes wall oven, gas cooktop. Large kitchen island. Entertainers will love this layout. Backs to a natural wash. Pebbletec pool/spa has in floor cleaning and gas heater .Built in natural gas BBQ, huge pergola, commercial grade misting system. Great room is open to the kitchen. Plantation shutters in front windows.. 3 car garage. Storage cabinets. 20 minutes to airports. Recently Interior and Exterior, freshly painted. All window have new shades. Nest security system, patio refrig conveys with the home.

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
 

$639,000$781,000$710,000

PURCHASE PRICE

$3,096$3,784$3,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,440
EXPENSES Loan Payment -$2,466
Property Tax -$368
Property Insurance -$102
HOA -$39
Property Management Fees -$99
CASH FLOW
$365

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.

$710,000

PROJECTED PRICE

$3,440

PROJECTED RENT

0.48%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

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$193,900

INVESTMENT

$193,900

Down Payment
$177,500
Rehab Estimate
$5,750
Closing Costs
$10,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$2,466

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $177,500
Loan Amount $532,500
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$76,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,440

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $3,823

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$3,440
1$3,4402$3,5003$3,6004$4,250
$4,250
RENT COMPS ANALYSIS
  • 3811 N Desert Oasis Circle Mesa, AZ 1
    • 5 beds 3 baths ∙ 3,862 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,862 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $3,440
    • $0.89
    •  
  • 7146 E Sandia Circle Mesa, AZ 2
    • 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
    •  
  • 3537 N Sonoran Heights -- Mesa, AZ 3
    • 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
    •  
  • 3834 N Desert Oasis Circle Mesa, AZ 4
    • 5 beds 4 baths ∙ 4,055 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,055 Sqft ∙ Built 2000
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
Peter W Bowdren
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209707
Last Updated: 03/19/2021
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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