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1311 W Muirwood Drive Phoenix, AZ 85045

4 Beds 2 Baths 2,322 sqft Built 1992

$520,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $223.94
  • 2 Days on Market
  • MLS # : 6174507
  • Updated Date : 12/26/2020 at 11:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,322 sqft
  • Baths : 2 full
Listing Agent

Locality Real Estate

Listing Agent's Description

There are so many things we do at home these days: work, go to school, play, entertain, relax, prepare, dream. Why not make your new home the perfect place to do all these things? Mountain views, new roof, new water heater, easy access to the 202, very close to the South Mountain Trailheads for hiking, biking and horseback riding, nearby restaurants and shopping, top rated school districts. When you ask people who live in Ahwatukee why they stay you will often hear about the close community ties, the generosity of the neighbors, the beautiful views, the best schools, the feeling of being away from it all while everything is still so close by. Come grab your opportunity to be a part of this amazing community! Be sure to check out the video in the Photos Tab!

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
 

$468,000$572,000$520,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,919
Property Tax -$370
Property Insurance -$72
HOA -$5
Property Management Fees -$99
CASH FLOW
-$195

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.

$520,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.44%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$143,550

INVESTMENT

$143,550

Down Payment
$130,000
Rehab Estimate
$5,750
Closing Costs
$7,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $130,000
Loan Amount $390,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$19,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,235

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1953$2,2704$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1311 W Muirwood Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,322 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $0.98
    •  
  • 626 W Thunderhill Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1996
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 16447 S 16th Avenue Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 1998
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.96
    •  
  • 626 W Mountain Vista Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,323 Sqft ∙ Built 1993
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 1347 W Deer Creek Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,280 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,280 Sqft ∙ Built 1997
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Christie Ellis
Locality Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174507
Last Updated: 12/26/2020
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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