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6036 E Roland Street Mesa, AZ 85215

3 Beds 2 Baths 1,793 sqft Built 1998

$436,300

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $243.34
  • 5 Days on Market
  • MLS # : 6177550
  • Updated Date : 01/07/2021 at 16:33
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,793 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

The open layout of this single story 3 bedroom, 2 bathroom home is sure to dazzle! Step inside and experience the vaulted ceilings and spacious layout that gets a ton of natural light. The kitchen features quartz countertops, backsplash, a large island, and beautiful appliances ensure that cooking will be a chef's dream. After a long day, retire to the primary bedroom which has a private bathroom with double sinks, a soaking tub, and a walk-in closet. If you're looking to entertain guests, you'll love the private backyard with its covered patio and shimmering private pool. The location of this home is perfect for anyone looking to get outside, with Red Mountain Ranch Country Club less than 5 minutes away, Las Sendas Golf Club less than 10 minutes away, and Usery Mountain National Park just

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Shadow Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k358k

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

Neighborhood: Shadow Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10341981

* 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
 

$392,670$479,930$436,300

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,515
Property Tax -$226
Property Insurance -$62
HOA -$14
Property Management Fees -$99
CASH FLOW
-$97

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.

$436,300

PROJECTED PRICE

$1,820

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.3%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$121,370

INVESTMENT

$121,370

Down Payment
$109,075
Rehab Estimate
$5,750
Closing Costs
$6,545

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,515

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,075
Loan Amount $327,225
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$17,815

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,811

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,8004$1,8205$1,895
$1,895
RENT COMPS ANALYSIS
  • 6036 E Roland Street Mesa, AZ 4
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.02
    •  
  • 6324 E Rochelle Street Mesa, AZ 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1994
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 6119 E Sierra Morena Street Mesa, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1996
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.05
    •  
  • 3013 N Papillon Circle Mesa, AZ 3
    • 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,881 Sqft ∙ Built 1994
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 6044 E Sayan Circle Mesa, AZ 5
    • 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,767 Sqft ∙ Built 1994
    property image
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177550
Last Updated: 01/07/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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