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3815 N Paseo Del Sol -- Mesa, AZ 85207

4 Beds 3 Baths 2,732 sqft Built 2000

INVESTimate

$579,900

List Price

$2,450

$2,205 - $2,695

Rent Est.

$591,440  ( +1.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $212.26
  • 2 Days on Market
  • MLS # : 6122108
  • Updated Date : 08/25/2020 at 17:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,732 sqft
  • Baths : 3 full
Listing Agent

Realty Executives

Listing Agent's Description

This Immaculate Home sit on a fabulous Golf Course Lot in a Gated Master Planned Community. Enjoy the mountain and golf course views from either the sparkling pool or the view deck. Updated Kitchen with granite counter tops, granite center island, stainless steel appliances and a breakfast room. Spacious Master Bedroom includes a sitting area and a gas fireplace. Master bathroom includes his and her sinks, 2 closets with one being a walk-in, garden tub and separate shower. One Bedroom and Full Bathroom are downstairs. 3 car garage has custom built-in cabins, work bench, service door and a water softener. Family Room off the kitchen has gas fireplace and slider door leading out to the backyard covered patio. Formal Living and Dining Room as you enter this lovely 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
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
 

$521,910$637,890$579,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$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$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,140
Property Tax -$301
Property Insurance -$80
HOA -$121
Property Management Fees -$99
CASH FLOW
-$291

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.

$579,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$159,424

INVESTMENT

$159,424

Down Payment
$144,975
Rehab Estimate
$5,750
Closing Costs
$8,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $144,975
Loan Amount $434,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$16,231

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
  • $2,712

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,4503$2,7004$2,7505$2,950
$2,950
RENT COMPS ANALYSIS
  • 3815 N Paseo Del Sol -- Mesa, 1
    • 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,732 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3060 N Ridgecrest -- #76 Mesa, 2
    • 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, 3
    • 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, 4
    • 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
    •  
  • 3643 N Eagle Canyon -- Mesa, 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
Melinda Mcclure
Realty Executives
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6122108
Last Updated: 08/25/2020
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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