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6128 E Saddleback Street Mesa, AZ 85215

3 Beds 3 Baths 2,564 sqft Built 1987

INVESTimate

$445,000

List Price

$2,210

$1,989 - $2,431

Rent Est.

$462,800  ( +4.00%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $173.56
  • 8 Days on Market
  • MLS # : 6119318
  • Updated Date : 08/24/2020 at 10:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,564 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Desirable Red Mountain Estates Home on a Championship Golf Course Lot with view fencing. Vaulted ceilings, formal living & dining room plus a spacious family room. Elegant honey oak banister. This sensational home features the master and 2 full bedrooms upstairs plus a downstairs den (with doors) & a 2-way fireplace shared with the family room. The master suite has a balcony with beautiful mountain & golf course views. The backyard provides a perfect spot for morning coffee or sunset views and relaxation. New paint and carpet 2016. New AC 2019. Space outside the master could easily be built into a balcony. This yard is perfect for a pool. Investors opportunity for VRBO income from Thanksgiving until April has a potential of $25,000+. Red Mountain Ranch Country Club offers many different

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
 

$400,500$489,500$445,000

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,642
Property Tax -$231
Property Insurance -$77
HOA -$75
Property Management Fees -$99
CASH FLOW
$86

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.

$445,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.50%

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$123,675

INVESTMENT

$123,675

Down Payment
$111,250
Rehab Estimate
$5,750
Closing Costs
$6,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,642

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $111,250
Loan Amount $333,750
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$39,243

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
  • $2,224

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8503$1,9004$1,9955$2,500
$2,500
RENT COMPS ANALYSIS
  • 6128 E Saddleback Street Mesa, 1
    • 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,564 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7445 E Eagle Crest Drive #1023 Mesa, 2
    • 3 beds 4 baths ∙ 2,308 Sqft ∙ Built 2002 3 beds 4 baths ∙ 2,308 Sqft ∙ Built 2002
    property image
    LEASED 06/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.80
    •  
  • 6635 E Venue Circle Mesa, 3
    • 3 beds 2 baths ∙ 2,424 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,424 Sqft ∙ Built 1993
    property image
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 6548 E Virginia Street Mesa, 4
    • 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1993
    property image
    LEASED 06/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.88
    •  
  • 3427 N Sonoran Hills Hills Mesa, 5
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2006
    property image
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kelly Moore
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119318
Last Updated: 08/24/2020
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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