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1249 E Joan D Arc Avenue Phoenix, AZ 85022

3 Beds 2 Baths 2,115 sqft Built 1997

$499,900

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $236.36
  • 2 Days on Market
  • MLS # : 6186830
  • Updated Date : 01/30/2021 at 01:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,115 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Excellent opportunity to own a home in this beautiful community of the Lookout Mountain Foothills - this property situated at the end of a Cul du Sac with open desert to the east. Great floor plan w/eat in kitchen, maple cabinets, granite counters & prep island. Split bedrooms give privacy to master suite w/walk-in closet, & access to pool & backyard. Easily could be 4 bdrm by conveting office., Newly finished real wood flooring in living, dining, hall & office, open concept design w/display shelving. Laundry room & 2C garage w/ample storage. H/AC (2018) Resort bkyd Oasis Heated pool/spa w/water feature, elevated sun deck w/fabulous views, fire pit & gas Bar-B-Q Island. Close to Hwys 51,17 & 101 Tapatio Lookout Mountain Golf Club, Hiking Trails, Shopping, Restaurants, PV schools,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,736
Property Tax -$315
Property Insurance -$68
HOA -$54
Property Management Fees -$99
CASH FLOW
-$593

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$499,900

PROJECTED PRICE

$1,680

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6803$1,7954$1,7955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1249 E Joan D Arc Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,115 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.79
    •  
  • 1832 E Friess Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,851 Sqft ∙ Built 1986
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 1742 E Winchcomb Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,135 Sqft ∙ Built 1989
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 13802 N 11th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
  • 1274 E Voltaire Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997 3 beds 3 baths ∙ 2,436 Sqft ∙ Built 1997
    LEASED 11/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
PROPERTY LISTING DETAILS
Joann Zimmerman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186830
Last Updated: 01/30/2021
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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