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108 W Nighthawk Way Phoenix, AZ 85045

4 Beds 3 Baths 2,846 sqft Built 1995

$649,999

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $228.39
  • 4 Days on Market
  • MLS # : 6205705
  • Updated Date : 03/14/2021 at 01:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,846 sqft
  • Baths : 3 full
Listing Agent

Exp Realty

Listing Agent's Description

This single level UDC Ritz Model home boasts of extreme pride of ownership both inside and out and is nestled in the highly sought after Foothills Club West subdivision on a private golf course. You will notice how meticulous the house is the moment you walk up and take in the stunning landscaping and will appreciate the abundance of natural light shining throughout the home. Have you always dreamed of having the perfect space to entertain? Step outside to your resort style living backyard with a sparkling clean swimming pool, tranquil waterfall and spectacular unobstructed views of the beautiful South Mountain. Invite your friends and family over for dinner prepared in your fully equipped kitchen with Brazilian granite, 6 burner gas stovetop and plenty of space to enjoy each other's

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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 La Sierra School Primary Regular 613 33 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Sierra School

  • Education Level: Primary
  • # of students: 613
  • # of teachers: 33
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
 

$584,999$714,999$649,999

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$2,258
Property Tax -$463
Property Insurance -$83
HOA -$6
Property Management Fees -$99
CASH FLOW
-$378

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.

$649,999

PROJECTED PRICE

$2,530

PROJECTED RENT

0.39%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$178,000

INVESTMENT

$178,000

Down Payment
$162,500
Rehab Estimate
$5,750
Closing Costs
$9,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,258

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $162,500
Loan Amount $487,499
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$10,845

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
  • $2,533

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5503$2,5954$2,6955$2,800
$2,800
RENT COMPS ANALYSIS
  • 108 W Nighthawk Way Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,846 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15856 S 8th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 1996
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.88
    •  
  • 1756 W Cathedral Rock Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,040 Sqft ∙ Built 1999 5 beds 3 baths ∙ 3,040 Sqft ∙ Built 1999
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
  • 1576 W Saltsage Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,004 Sqft ∙ Built 1998
    property image
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,695
    • $0.90
    •  
  • 918 W Windsong Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997 4 beds 3 baths ∙ 3,000 Sqft ∙ Built 1997
    property image
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.93
    •  
PROPERTY LISTING DETAILS
John Gluch
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6205705
Last Updated: 03/14/2021
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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