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820 E Mountain Sage Drive Phoenix, AZ 85048

5 Beds 3 Baths 3,068 sqft Built 1994

$619,000

List Price

$2,940

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $201.76
  • 2 Days on Market
  • MLS # : 6193349
  • Updated Date : 02/14/2021 at 02:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,068 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful, spacious five-bedroom popular Camelot home nestled in the heart of the Foothills. Surrounded by impressive panoramic mountain views. Preferred North/South lot. Large formal living & dining leads to sunny gourmet kitchen slab granite counters, island with breakfast bar and separate breakfast room. New appliances Corner fireplace that soars to vaulted ceiling is wonderful focal point of this cozy family room. Second master suite on first floor with full bath. Luxurious master with large master bath and walk-in closet. Two tone paint, 20'' porcelain tile flooring with laminate flooring throughout the home. Entertainers delight back yard with covered patio, grass play area, pebble tec pool and spa. Move in & enjoy all this home has to offer. Walking distance to De Los Cerritos eleme

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crimson Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $91k576k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Crimson Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342601

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$557,100$680,900$619,000

PURCHASE PRICE

$2,646$3,234$2,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,940
EXPENSES Loan Payment -$2,150
Property Tax -$441
Property Insurance -$87
HOA -$6
Property Management Fees -$99
CASH FLOW
$158

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.

$619,000

PROJECTED PRICE

$2,940

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$169,785

INVESTMENT

$169,785

Down Payment
$154,750
Rehab Estimate
$5,750
Closing Costs
$9,285

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$2,150

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $154,750
Loan Amount $464,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$48,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,940

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $3,145

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,9403$3,4004$3,5005$3,600
$3,600
RENT COMPS ANALYSIS
  • 820 E Mountain Sage Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,068 Sqft ∙ Built 1994 5 beds 3 baths ∙ 3,068 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,940
    • $0.96
    •  
  • 15856 S 8th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.88
    •  
  • 14264 S 12th Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
  • 15003 S 7th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,074 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,074 Sqft ∙ Built 1993
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.14
    •  
  • 15016 S 7th Street Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1993 4 beds 4 baths ∙ 3,324 Sqft ∙ Built 1993
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $1.08
    •  
PROPERTY LISTING DETAILS
Youngim Winston
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6193349
Last Updated: 02/14/2021
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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