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8056 E Sandia Circle Mesa, AZ 85207

3 Beds 4 Baths 2,386 sqft Built 2001

INVESTimate

$530,000

List Price

$2,420

$2,178 - $2,662

Rent Est.

$540,547  ( +1.99%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $222.13
  • 6 Days on Market
  • MLS # : 6119591
  • Updated Date : 08/22/2020 at 11:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,386 sqft
  • Baths : 3 full , 1 half
Listing Agent

List 3k, Llc

Listing Agent's Description

Incredible one-story home with mountain views siting on a large cul-de-sac lot in the gated Echo Canyon community! Enjoy all of the amenities this wonderful community has to offer! Boasting a desert landscaping, 2 car garage, and a golf cart garage. Inside you will find a great room layout with 3 bed and 3.5 bath. Exquisite kitchen features plethora of cabinets, granite counters, pantry, center island, breakfast bar, and SS appliances. The master retreat includes private exit to backyard and lavish bath comprised of soaking tub, step-in shower, dual sinks, and walk-in closet. Desert style backyard has synthetic grass area, pristine pool, covered patio, and above ground paved are perfect for a spa or ramada. Come see this home for yourself!

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
 

$477,000$583,000$530,000

PURCHASE PRICE

$2,178$2,662$2,420

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-$5.0k$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 $2,420
EXPENSES Loan Payment -$1,955
Property Tax -$275
Property Insurance -$74
HOA -$122
Property Management Fees -$99
CASH FLOW
-$105

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.

$530,000

PROJECTED PRICE

$2,420

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.99%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$146,200

INVESTMENT

$146,200

Down Payment
$132,500
Rehab Estimate
$5,750
Closing Costs
$7,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,955

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $132,500
Loan Amount $397,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$26,653

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,416

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,4004$2,4005$2,420
$2,420
RENT COMPS ANALYSIS
  • 8056 E Sandia Circle Mesa, 5
    • 3 beds 4 baths ∙ 2,386 Sqft ∙ Built 2001 3 beds 4 baths ∙ 2,386 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.01
    •  
  • 3847 N Paseo Del Sol Street Mesa, 1
    • 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1999
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 3060 Ridgecrest -- #204 Mesa, 2
    • 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,226 Sqft ∙ Built 1997
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 8257 E Redberry -- Mesa, 3
    • 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,424 Sqft ∙ Built 2012
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 3944 N El Sereno -- Mesa, 4
    • 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 2003
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Brian J Cunningham
List 3k, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119591
Last Updated: 08/22/2020
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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