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4348 E Dragoon Circle Mesa, AZ 85206

2 Beds 2 Baths 1,403 sqft Built 1979

$284,300

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $202.64
  • 2 Days on Market
  • MLS # : 6187708
  • Updated Date : 01/30/2021 at 03:03
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,403 sqft
  • Baths : 1 full , 1 half
Listing Agent

Farnsworth Realty & Management Company

Listing Agent's Description

****CUL-DE-SAC LOT**** NESTLED IN THE HEART OF SUNLAND VILLAGE, A 55+ COMMUNITY IN THE EAST VALLEY OF THE SUN, IS THIS UPDATED 300 MODEL BUILT BY AWARD WINNING FARNSWORTH. BUYERS PAY $1,400 FEE TO HOA AT COE FOR COMMON PROPERTY MAINTENANCE FUND.MASTER SUITE HAS 3/4 BATH & HIS/HERS CLOSETS. MAIN HEAT PUMP-2011. WATER HEATER & SOFTENER-2017. ADDED ATTIC INSULATION. INTERIOR DOORS-2016. GARAGE DOOR-2014. GARAGE FLOOR RESURFACED - 2015. STUCCO-2017. INTERIOR PAINT-2019. KITCHEN HAS: PANTRY; STOVE-2021; DISHWASHER-2015; RE-FACED CABINETS-2015; REFRIGERATOR. INSIDE LAUNDRY INCLUDES WASHER, DRYER, UPDATED CABINETRY. BOTH BATHS HAVE CHAIR HEIGHT TOILETS-2016 & UPDATED CABINETRY. AZ ROOM CLIMATE CONTROL-2016. FORMAL DINING AREA. FULL MAIN BATH. COMFORTABLE GUEST ROOM. HONEYCOMB WINOW SHADES-201

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Sunland Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Taylor Junior High School Middle Regular 1,152 64 3
Mesa High School High Regular 3,406 155 4

Taylor Junior High School

  • Education Level: Middle
  • # of students: 1,152
  • # of teachers: 64
3
GreatSchools Rating

Mesa High School

  • Education Level: High
  • # of students: 3,406
  • # of teachers: 155
4
GreatSchools Rating
 

$255,870$312,730$284,300

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$987
Property Tax -$194
Property Insurance -$55
HOA -$4
Property Management Fees -$99
CASH FLOW
-$48

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.

$284,300

PROJECTED PRICE

$1,290

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,090

INVESTMENT

$81,090

Down Payment
$71,075
Rehab Estimate
$5,750
Closing Costs
$4,265

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$987

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,075
Loan Amount $213,225
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$12,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,357

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2903$1,2954$1,2995$1,300
$1,300
RENT COMPS ANALYSIS
  • 4348 E Dragoon Circle Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,403 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,403 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.92
    •  
  • 4065 E University Drive #448 Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1982 2 beds 2 baths ∙ 1,056 Sqft ∙ Built 1982
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.04
    •  
  • 4213 E Dolphin Avenue Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,229 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,229 Sqft ∙ Built 1979
    LEASED 10/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.05
    •  
  • 5056 E Enid Avenue Mesa, AZ 4
    • 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976 2 beds 2 baths ∙ 1,497 Sqft ∙ Built 1976
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.87
    •  
  • 4115 E Clovis Avenue Mesa, AZ 5
    • 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979 2 beds 2 baths ∙ 1,432 Sqft ∙ Built 1979
    LEASED 05/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ellen Patricia Hansen
Farnsworth Realty & Management Company
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187708
Last Updated: 01/30/2021
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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