Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

3813 N Cirrus Circle Mesa, AZ 85207

4 Beds 2 Baths 2,242 sqft Built 2001

$520,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $231.94
  • 2 Days on Market
  • MLS # : 6210981
  • Updated Date : 03/27/2021 at 19:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,242 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Popular ''Sagewood'' model in the Gated Community of Las Sendas. Nestled on a premium cul-de-sac lot (14,000+ SF) with great curb appeal and Majestic Mountain Views. Open and bright, soaring ceilings, plantation shutters and beautiful updated tile flooring in all the right places. Spacious eat-in kitchen features a breakfast bar, ''corian'' counters, center island, pantry, tile floor, and rich wood cabinetry. Perfect home for entertaining inside and out. Formal dining room plus breakfast nook with bay window. Upscale guest bathroom boasts designer tile, raised vessel sinks, unique fixtures, and mirror. Generous size bedrooms, ample closets, & move-in ready. The large backyard features a sparkling fenced pool, large covered patio plus a huge paver patio perfect for relaxing around a firepit

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
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,806
Property Tax -$273
Property Insurance -$71
HOA -$40
Property Management Fees -$99
CASH FLOW
-$20

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.

$520,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,806

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$28,275

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,292

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2003$2,2004$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 3813 N Cirrus Circle Mesa, AZ 1
    • 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,242 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3847 N Paseo Del Sol Street Mesa, AZ 2
    • 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 3
    • 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 4
    • 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
    •  
  • 3944 N El Sereno -- Mesa, AZ 5
    • 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 2003
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Mark Bonds
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6210981
Last Updated: 03/27/2021
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.

BESbswy