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905 S Sabrina -- Mesa, AZ 85208

4 Beds 2 Baths 2,697 sqft Built 1998

$405,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $150.17
  • 4 Days on Market
  • MLS # : 6177975
  • Updated Date : 01/08/2021 at 19:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,697 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Fantastic 4bed/2bath Mesa home tucked into desirable Parkwood Ranch. This gem features prisine curb appeal with 3 car garage leading into the open concept floor plan with vaulted ceilings, plush carpet and tile in all the right places. Kitchen boasts a plethora of warm wood cabinetry and large island with breakfast bar seating. Spacious master retreat includes private en suite with a tiled oversized shower. The additional bedrooms are generously sized and offer flexibility. The grassy backyard with covered patio is the perfect place to relax and enjoy the Arizona lifestyle year round. Do not miss out! See it and make it yours. Agents please see private remarks about showing times.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Ironwood at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k361k

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

Neighborhood: Ironwood at Parkwood Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10342059

* 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
Skyline High School High Regular 2,567 121 5

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

Skyline High School

  • Education Level: High
  • # of students: 2,567
  • # of teachers: 121
5
GreatSchools Rating
 

$364,500$445,500$405,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,407
Property Tax -$210
Property Insurance -$80
HOA -$17
Property Management Fees -$99
CASH FLOW
$298

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.

$405,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,407

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$52,574

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
  • $2,117

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8953$2,1504$2,2005$2,200
$2,200
RENT COMPS ANALYSIS
  • 905 S Sabrina -- Mesa, AZ 1
    • 4 beds 2 baths ∙ 2,697 Sqft ∙ Built 1998 4 beds 2 baths ∙ 2,697 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 10243 E Carmel Avenue Mesa, AZ 2
    • 5 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999 5 beds 3 baths ∙ 2,522 Sqft ∙ Built 1999
    LEASED 05/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.75
    •  
  • 10549 E Bogart Avenue Mesa, AZ 3
    • 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,798 Sqft ∙ Built 1999
    LEASED 10/31/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 9514 E Jerome Avenue Mesa, AZ 4
    • 3 beds 2 baths ∙ 2,765 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,765 Sqft ∙ Built 1997
    LEASED 06/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 2021 S Esmeralda Circle Mesa, AZ 5
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2004
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Craig Rafferty
Re/max Alliance Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177975
Last Updated: 01/08/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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