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7828 E Riverdale Circle Mesa, AZ 85207

4 Beds 5 Baths 3,458 sqft Built 2004

$950,000

List Price

$3,620

$3.4K - $3.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $274.73
  • 3 Days on Market
  • MLS # : 6162904
  • Updated Date : 11/21/2020 at 09:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,458 sqft
  • Baths : 4 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Presenting this stunning 4 bed 4.5 bath custom home for sale in the gated community of Rock Canyon at Las Sendas. Dramatic entry through iron door to the beautiful formal living & dining area. Huge chef kitchen with stone accents, ss appliances, built-in refrigerator, 2 sinks, prep island, breakfast bar & walk in pantry. Kitchen opens to great room with stone gas fireplace & dark wood panel flooring. Laundry room has sink & cabinets included. Guest rooms are large & each have a walk-in closet & an ensuite bathroom. Owner's suite has private access to the back patio, dual sided gas fireplace, walk in shower, soaking tub w/ jets, double vanity & generous walk in closet. Enjoy Arizona outdoor living with the covered patio, built in BBQ, sparkling pool, turf area & natural desert surrounding.

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
Franklin At Alma Elementary School Primary Regular 280 13 10
Franklin At Alma Elementary School Middle Regular 280 13 10
Fremont Junior High School High Regular 976 48 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

Fremont Junior High School

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

$855,000$1,045,000$950,000

PURCHASE PRICE

$3,258$3,982$3,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,620
EXPENSES Loan Payment -$3,505
Property Tax -$493
Property Insurance -$95
HOA -$40
Property Management Fees -$99
CASH FLOW
-$612

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.

$950,000

PROJECTED PRICE

$3,620

PROJECTED RENT

0.38%

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$0.0$10k$20k$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$257,500

INVESTMENT

$257,500

Down Payment
$237,500
Rehab Estimate
$5,750
Closing Costs
$14,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,505

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,500
Loan Amount $712,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$19,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,620

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $3,366

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$3,400
1$3,4002$3,5003$3,6004$3,620
$3,620
RENT COMPS ANALYSIS
  • 7828 E Riverdale Circle Mesa, AZ 4
    • 4 beds 5 baths ∙ 3,458 Sqft ∙ Built 2004 4 beds 5 baths ∙ 3,458 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $3,620
    • $1.05
    •  
  • 3331 N Hawes Road Mesa, AZ 1
    • 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 1999
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
  • 7146 E Sandia Circle Mesa, AZ 2
    • 4 beds 4 baths ∙ 3,722 Sqft ∙ Built 2006 4 beds 4 baths ∙ 3,722 Sqft ∙ Built 2006
    LEASED 10/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.94
    •  
  • 3537 N Sonoran Heights -- Mesa, AZ 3
    • 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Rebecca Swan
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162904
Last Updated: 11/21/2020
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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