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1331 W Muirwood Drive Phoenix, AZ 85045

3 Beds 2 Baths 2,188 sqft Built 1993

$550,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $251.37
  • 2 Days on Market
  • MLS # : 6206958
  • Updated Date : 03/13/2021 at 17:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,188 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Well Maintained Single Level 3B 2Ba w/3G in Club West w/Sparkling Pool.Open Concept!Cozy Crackling Fireplace in Family Room.Eat In Kitchen boasts Endless Ctr tops,Wall Ovens,Pantry &Fridge incl.Wood Tile Compliments Split Master Bedroom,Master Bath Features Separate Tub/Walk in Shower,Double Sinksl Beautiful Mtn Views! Pride of Ownership Maintenance Items:2016,Install Nest System:2018,New Variable Speed AC Unit, New Hybrid Water Heater,Interior Repainted,Front Entry & Back Patio Tiled,Re-Plumbed Front & Backyard Landscape Systems,Full Master Bath Remodel,Installed Travertine Tile t/o Main Living Areas:2019,Full Guest Bath Remodel,New Carpet Install in Both Secondary Bedrooms,Exterior Home Painted, Pool Resurfaced,Retiled,Stucco Recoated,New Rolled Roofing over AZ Room,2020:New Pool Pump

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
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,910
Property Tax -$392
Property Insurance -$70
HOA -$6
Property Management Fees -$99
CASH FLOW
-$186

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.

$550,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.42%

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$16,884

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,106

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,1953$2,2904$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1331 W Muirwood Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,188 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,188 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $1.05
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 11/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
PROPERTY LISTING DETAILS
Marcy Lobliner
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6206958
Last Updated: 03/13/2021
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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