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7158 E Sandia Circle Mesa, AZ 85207

5 Beds 5 Baths 4,074 sqft Built 2006

$869,000

List Price

$3,490

$3.2K - $3.7K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $213.30
  • 3 Days on Market
  • MLS # : 6180664
  • Updated Date : 02/05/2021 at 15:57
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,074 sqft
  • Baths : 4 full , 1 half
Listing Agent

Gentry Real Estate

Listing Agent's Description

Amenities of a custom home flourish in this builder's personal home built in the award winning community of Las Sendas which offers hiking, biking trails, heated pools and spas, tennnis courts, golf, city and mountain views. This immaculately maintained home features 4 ensuite bedrooms, plus a 5th bedroom that could be used as a seperate den/office. Custom upgrades include alder wood doors, 18'' tile flooring, a chef's kitchen with SS appliances, Jenn-Air gas stove, granite couters, oversized island and a built-in refrig. Cozy living room huge bay window and the dining room is large enough to host dinner for 20. The backyard is an entertainers dream with an oversized stone island, built in BBQ, and Serene Fountain.

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
Fremont Junior High School Middle Regular 976 48 7
Red Mountain High School High Regular 3,347 145 7

Fremont Junior High School

  • Education Level: Middle
  • # of students: 976
  • # of teachers: 48
7
GreatSchools Rating

Red Mountain High School

  • Education Level: High
  • # of students: 3,347
  • # of teachers: 145
7
GreatSchools Rating
 

$782,100$955,900$869,000

PURCHASE PRICE

$3,141$3,839$3,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,490
EXPENSES Loan Payment -$3,018
Property Tax -$461
Property Insurance -$107
HOA -$37
Property Management Fees -$99
CASH FLOW
-$231

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.

$869,000

PROJECTED PRICE

$3,490

PROJECTED RENT

0.40%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,035

INVESTMENT

$236,035

Down Payment
$217,250
Rehab Estimate
$5,750
Closing Costs
$13,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,018

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $217,250
Loan Amount $651,750
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$32,122

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,490

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $3,680

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$3,199
1$3,1992$3,4003$3,4904$4,250
$4,250
RENT COMPS ANALYSIS
  • 7158 E Sandia Circle Mesa, AZ 3
    • 5 beds 5 baths ∙ 4,074 Sqft ∙ Built 2006 5 beds 5 baths ∙ 4,074 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $3,490
    • $0.86
    •  
  • 6446 E Trailridge Circle #82 Mesa, AZ 1
    • 5 beds 4 baths ∙ 3,992 Sqft ∙ Built 1998 5 beds 4 baths ∙ 3,992 Sqft ∙ Built 1998
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,199
    • $0.80
    •  
  • 8209 E Echo Canyon Street Mesa, AZ 2
    • 4 beds 4 baths ∙ 3,933 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,933 Sqft ∙ Built 2004
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.86
    •  
  • 3834 N Desert Oasis Circle Mesa, AZ 4
    • 5 beds 4 baths ∙ 4,055 Sqft ∙ Built 2000 5 beds 4 baths ∙ 4,055 Sqft ∙ Built 2000
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,250
    • $1.05
    •  
PROPERTY LISTING DETAILS
Denise Roit
Gentry Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180664
Last Updated: 02/05/2021
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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