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4358 S Synapse Drive Mesa, AZ 85212

4 Beds 3 Baths 3,465 sqft Built 2018

$549,999

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $158.73
  • 4 Days on Market
  • MLS # : 6183892
  • Updated Date : 01/22/2021 at 22:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,465 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

Look no further! You have found the home you longed for! Boasting charming curb appeal with a meticulously maintained landscaping both front & back! As you walk inside the spacious floor plan you will see soaring ceilings that lead you to your gorgeous kitchen with quartz counter tops & ample amounts of storage. Check out your private backyard and enjoy your morning coffee or watch the lovely sunsets while the kids play. Upstairs you will find a spacious loft & of course, the grandiose master bedroom, which includes a large walk-in closet, double sinks, as well as your private balcony where you can enjoy panoramic moutain views. Eastmark community offers a resort style community pool, splash pad, plenty of parks, dog parks, baseball fields, club house with arcade games & more!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: East Mesa

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k328k

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

Neighborhood: East Mesa

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10181805

* 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
Canyon Rim Elementary School Primary Regular 929 50 8
Canyon Rim Elementary School Middle Regular 929 50 8
Desert Ridge High School High Regular 2,752 119 6

Canyon Rim Elementary School

  • Education Level: Primary
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Canyon Rim Elementary School

  • Education Level: Middle
  • # of students: 929
  • # of teachers: 50
8
GreatSchools Rating

Desert Ridge High School

  • Education Level: High
  • # of students: 2,752
  • # of teachers: 119
6
GreatSchools Rating
 

$494,999$604,999$549,999

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,910
Property Tax -$271
Property Insurance -$95
HOA -$100
Property Management Fees -$99
CASH FLOW
-$155

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$549,999

PROJECTED PRICE

$2,320

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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$1.6M$1.8M

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$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,499
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$20,772

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
  • $2,590

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3503$2,4004$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 4358 S Synapse Drive Mesa, AZ 1
    • 4 beds 3 baths ∙ 3,465 Sqft ∙ Built 2018 4 beds 3 baths ∙ 3,465 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 11318 E Sonrisa Avenue Mesa, AZ 2
    • 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007 5 beds 3 baths ∙ 3,115 Sqft ∙ Built 2007
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.75
    •  
  • 5039 S Selenium Lane Mesa, AZ 3
    • 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013 5 beds 3 baths ∙ 3,167 Sqft ∙ Built 2013
    LEASED 04/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.76
    •  
  • 11146 E Rafael Avenue Mesa, AZ 4
    • 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012 4 beds 3 baths ∙ 3,369 Sqft ∙ Built 2012
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.71
    •  
  • 10713 E Diffraction Avenue Mesa, AZ 5
    • 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,379 Sqft ∙ Built 2017
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.77
    •  
PROPERTY LISTING DETAILS
John Gluch
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183892
Last Updated: 01/22/2021
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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