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8451 E Regina Circle Mesa, AZ 85207

4 Beds 4 Baths 3,527 sqft Built 2008

INVESTimate

$949,000

List Price

$3,450

$3,200 - $3,700

Rent Est.

$977,470  ( +3.00%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $269.07
  • 10 Days on Market
  • MLS # : 6118687
  • Updated Date : 08/18/2020 at 06:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,527 sqft
  • Baths : 3 full , 1 half
Listing Agent

Club Realty

Listing Agent's Description

Las Sendas, all gated, Master Planned Community Nothing but the best of everything!! Gr8 NE Mesa location, hiking/biking, golf, tennis & swim. Nearby Lake Saguaro & pristine desert. Once a custom builder's own residence everything you would expect in a luxury home and MORE! Great room floor plan, no interior steps, 3 guest beds in separate wing, Fabulous kitchen w/ 2 tone maple cabinetry, Kitchen Aide Appliances, 9''x5 granite Kitchen Island, 6 burner gas range warming drawer, copper farmhouse sink & wine cooler. 12' ceilings in the great room accentuate the beauty of the floor to ceiling stone fireplace. Built in Media Center w/ surround sound. 2nd fireplace in Master Bed w/ bath & closet area fit for a King & Queen. Enjoy the travertine back patio by listening to the sound of the ..

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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
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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,105$3,795$3,450

RENT

DOWN PAYMENT
FINANCING

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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,450
EXPENSES Loan Payment -$3,501
Property Tax -$509
Property Insurance -$96
HOA -$121
Property Management Fees -$99
CASH FLOW
-$877

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.

$949,000

PROJECTED PRICE

$3,450

PROJECTED RENT

0.36%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.00%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,501

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$6,879

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
  • $3,468

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,2003$3,4004$3,600
$3,600
RENT COMPS ANALYSIS
  • 8451 E Regina Circle Mesa, 1
    • 4 beds 4 baths ∙ 3,527 Sqft ∙ Built 2008 4 beds 4 baths ∙ 3,527 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2756 N Cabot Circle Mesa, 2
    • 5 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,313 Sqft ∙ Built 1999
    property image
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.97
    •  
  • 3331 N Hawes Road Mesa, 3
    • 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,415 Sqft ∙ Built 1999
    property image
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
  • 3537 N Sonoran Heights -- Mesa, 4
    • 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,655 Sqft ∙ Built 1998
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Joyce Kelton-smith
Club Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6118687
Last Updated: 08/18/2020
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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