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1133 E Joy Ranch Road Phoenix, AZ 85086

4 Beds 3 Baths 2,566 sqft Built 1997

$599,900

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $233.79
  • 3 Days on Market
  • MLS # : 6209186
  • Updated Date : 03/19/2021 at 00:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,566 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful Custom Built Desert Hills home, 4 bedrooms, 2 1/2 baths, Split floor plan, Master has walk in closet and His and Hers Vanities with glass block shower and garden tub. Two bedrooms share a Jack and Jill. Large expansive ceilings with open floor plan. Fully landscaped backyard with a 7 feet deep pebble tec pool, natural rock waterfall, jacuzzi, built in BBQ and fire pit Great for entertaining 1.18 acre with drive around access for all your toys, RV's, boats or perfect for horse lovers. 3 car extended garage with built in cabinets,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k394k

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

Neighborhood: New River Paradise

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342626

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$539,910$659,890$599,900

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,084
Property Tax -$467
Property Insurance -$77
Property Management Fees -$99
CASH FLOW
$193

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.

$599,900

PROJECTED PRICE

$2,920

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$164,724

INVESTMENT

$164,724

Down Payment
$149,975
Rehab Estimate
$5,750
Closing Costs
$8,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,084

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $149,975
Loan Amount $449,925
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$50,698

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $3,199

    COMP ESTIMATED VALUE
  • $1.25

    COMP AVG. RENT PER SQFT
Comps Range
$2,920
1$2,9202$3,3003$3,3004$3,500
$3,500
RENT COMPS ANALYSIS
  • 1133 E Joy Ranch Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $1.14
    •  
  • 105 E Tanya Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,668 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,668 Sqft ∙ Built 1998
    LEASED 11/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.24
    •  
  • 1412 E Chickasaw Court Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2004
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.16
    •  
  • 230 E Irvine Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,603 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,603 Sqft ∙ Built 1997
    LEASED 02/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $1.34
    •  
PROPERTY LISTING DETAILS
Elaine Hess
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209186
Last Updated: 03/19/2021
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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