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8305 E Kael Street Mesa, AZ 85207

4 Beds 4 Baths 3,804 sqft Built 2005

$874,500

List Price

$3,260

$3K - $3.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $229.89
  • 7 Days on Market
  • MLS # : 6196903
  • Updated Date : 02/27/2021 at 16:43
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,804 sqft
  • Baths : 3 full , 1 half
Listing Agent

Hague Partners

Listing Agent's Description

Multiple Offers Received. No further showings .72 Hour Home Sale! Welcome to Savona, an exclusive enclave of 38 custom homes tucked into Arizona's natural desert and striking mountain views. This home is perfectly situated siding to conserved desert scape for added privacy. Enter past the by-design landscape to the iron gated, beautifully paved, courtyard with its calming feng shui-esque fountain and into this impressive Mediterranean accented home. The gourmet kitchen with Wolf French Cooktop, pot filler, double oven, Tuscan range hood, walk-in pantry, and charming circular wet bar/coffee bar/breakfast bar with a pass-through to patio; all intended to indulge the most discerning chef, entertainer, family. Be sure to look..

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $109k559k

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

Neighborhood: Desert Uplands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10342843

* 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
 

$787,050$961,950$874,500

PURCHASE PRICE

$2,934$3,586$3,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,260
EXPENSES Loan Payment -$3,037
Property Tax -$454
Property Insurance -$101
HOA -$61
Property Management Fees -$99
CASH FLOW
-$492

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.

$874,500

PROJECTED PRICE

$3,260

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.0%
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

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$237,493

INVESTMENT

$237,493

Down Payment
$218,625
Rehab Estimate
$5,750
Closing Costs
$13,118

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,037

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $218,625
Loan Amount $655,875
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$16,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $3,005

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,200
$3,200
RENT COMPS ANALYSIS
  • 8305 E Kael Street Mesa, AZ 1
    • 4 beds 4 baths ∙ 3,804 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,804 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 8130 E Kael Street Mesa, AZ 2
    • 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 2002 5 beds 4 baths ∙ 4,057 Sqft ∙ Built 2002
    LEASED 11/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.79
    •  
PROPERTY LISTING DETAILS
Sheryl A Chiaramonte
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196903
Last Updated: 02/27/2021
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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