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4122 N Boulder Canyon Canyon Mesa, AZ 85207

4 Beds 3 Baths 2,451 sqft Built 2001

$509,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $208.04
  • 3 Days on Market
  • MLS # : 6167766
  • Updated Date : 12/04/2020 at 13:12
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,451 sqft
  • Baths : 3 full
Listing Agent

Sterling Fine Properties

Listing Agent's Description

Recently updated Golden Eagle model on premium view lot in the gated Featherwind community of Las Sendas! Not only are there city light views and mountain views from the upstairs loft and master balcony but also right when you WALK IN THE FRONT DOOR! Enjoy majestic desert landscape views along with views of downtown Phoenix and Camelback Mountain! Backs to a preserve! This 4 bedroom full 3 bath home plus office/loft including downstairs bedroom boasts views throughout the home. Home features classy Stack Stone accents and majestic Saguaro Cactus with easy care desert landscape, expanded 3 car garage driveway, creating terrific curb appeal! Upgrades include professional landscaping, extended covered patio, putting green, RV gate with concrete pad & remote controlled sunscreens on the back,

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
 

$458,910$560,890$509,900

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,881
Property Tax -$265
Property Insurance -$75
HOA -$41
Property Management Fees -$99
CASH FLOW
-$111

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.

$509,900

PROJECTED PRICE

$2,250

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$140,874

INVESTMENT

$140,874

Down Payment
$127,475
Rehab Estimate
$5,750
Closing Costs
$7,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,881

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $127,475
Loan Amount $382,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$25,878

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,525

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,2503$2,6954$2,8005$2,950
$2,950
RENT COMPS ANALYSIS
  • 4122 N Boulder Canyon Canyon Mesa, AZ 2
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.92
    •  
  • 4243 N Deserts Gate Street Mesa, AZ 1
    • 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2001
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.93
    •  
  • 3634 N Desert Oasis -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,451 Sqft ∙ Built 1999
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $1.10
    •  
  • 7643 E Torrey Point Circle Mesa, AZ 4
    • 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
William P Lewis
Sterling Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167766
Last Updated: 12/04/2020
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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