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3918 N Kashmir -- Mesa, AZ 85215

4 Beds 3 Baths 2,309 sqft Built 1992

INVESTimate

$415,000

List Price

$2,210

$1,989 - $2,431

Rent Est.

$431,600  ( +4.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $179.73
  • 6 Days on Market
  • MLS # : 6119376
  • Updated Date : 08/25/2020 at 17:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,309 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome to this great home nestled within the sought after community of Red Mountain Ranch. This charming home features 4 bedrooms and 2.5 bathrooms. The master suite and laundry are conveniently located on the first floor! Step out back to your private pool surrounded with lush greenery, an above ground spa and plenty of space for all the family. The family room boasts soaring vaulted ceilings and a fireplace. This home awaits your own personal touch and will not last long! Contact agent for showing instructions today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k408k

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

Neighborhood: Red Mountain Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10342211

* 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
Red Mountain High School High Regular 3,347 145 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

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$373,500$456,500$415,000

PURCHASE PRICE

$1,989$2,431$2,210

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$0.0$5.0k$10k$15k$20k$25k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,531
Property Tax -$215
Property Insurance -$72
HOA -$75
Property Management Fees -$99
CASH FLOW
$217

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.

$415,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,531

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$51,764

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,210

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,922

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7493$1,7954$1,8955$2,210
$2,210
RENT COMPS ANALYSIS
  • 3918 N Kashmir -- Mesa, 5
    • 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,309 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.96
    •  
  • 6011 E Sierra Blanca Street Mesa, 1
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 1993
    LEASED 01/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.73
    •  
  • 3611 N Santiago Circle Mesa, 2
    • 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1995
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.84
    •  
  • 6221 E Sierra Morena Street Mesa, 3
    • 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,094 Sqft ∙ Built 1994
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
  • 6015 E Sayan Circle Mesa, 4
    • 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1995 3 beds 2 baths ∙ 2,114 Sqft ∙ Built 1995
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
PROPERTY LISTING DETAILS
Emiliano Mendoza
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119376
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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