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7636 E Wolf Canyon Street Mesa, AZ 85207

2 Beds 2 Baths 1,756 sqft Built 2001

$500,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $284.74
  • 2 Days on Market
  • MLS # : 6187614
  • Updated Date : 01/30/2021 at 18:14
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,756 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Million dollar views! Mountain & city light views from inside & out, day or night! Extensive desert area along the property provides additional privacy. Exceptional backyard is a park like setting w/ trees, 30 ft covered patio & beautiful elevated Shasta heated spool w/ sitting wall.. Light & bright w/ new paint, 18 in tile t/o except new carpet in bdrms, plantation shutters, wood blinds, Hunter Douglas Silhouettes. Entertainer's kitchen w/ granite counters, stainless steel appliances, cherry cabinets. You'll love extended length 3 car garage, cathedral windows in garage door, extensive cabinets & work bench. Wall has been removed from 2nd/3rd bedrooms to form a unique 10X20 2nd master! Climb spiral staircase to enjoy dramatic views, sunsets & stars from your own observation deck! Gate

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
 

$450,000$550,000$500,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,737
Property Tax -$259
Property Insurance -$61
HOA -$40
Property Management Fees -$99
CASH FLOW
-$367

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.

$500,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.37%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,509

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,545

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,425
1$1,4252$1,7003$1,830
$1,830
RENT COMPS ANALYSIS
  • 7636 E Wolf Canyon Street Mesa, AZ 3
    • 2 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001 2 beds 2 baths ∙ 1,756 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.04
    •  
  • 6634 E Preston Street Mesa, AZ 1
    • 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1988 2 beds 2 baths ∙ 1,868 Sqft ∙ Built 1988
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.76
    •  
  • 6334 E Viewmont Drive #39 Mesa, AZ 2
    • 2 beds 2 baths ∙ 1,695 Sqft ∙ Built 1995 2 beds 2 baths ∙ 1,695 Sqft ∙ Built 1995
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Pat Clements
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187614
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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