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1344 E Sahuaro Drive Phoenix, AZ 85020

3 Beds 2 Baths 1,110 sqft Built 1971

$260,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $234.23
  • 3 Days on Market
  • MLS # : 6178396
  • Updated Date : 01/09/2021 at 19:18
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,110 sqft
  • Baths : 2 full
Listing Agent

Tierra Bella Realty

Listing Agent's Description

Great turn-key 3 bedroom 2 bathroom home a prime location! Appliances included! Brand new block wall built for privacy. Cozy floor plan waiting just for you!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Palo Verde Hills

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $67k271k

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

Neighborhood: Palo Verde Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8211567

* 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
Larkspur Elementary School Primary Regular 517 34 4
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 34
4
GreatSchools Rating

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
 

$234,000$286,000$260,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$903
Property Tax -$164
Property Insurance -$49
Property Management Fees -$99
CASH FLOW
$155

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.

$260,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.1%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,000
Loan Amount $195,000
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$30,751

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
  • $1,365

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2953$1,5004$1,5295$1,560
$1,560
RENT COMPS ANALYSIS
  • 1344 E Sahuaro Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,110 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1328 E Christy Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1961 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1961
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $1.16
    •  
  • 9846 N 17th Street Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,247 Sqft ∙ Built 1958
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
  • 1173 E Cochise Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1978
    LEASED 10/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,529
    • $1.28
    •  
  • 9414 N 17th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,215 Sqft ∙ Built 1964
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.28
    •  
PROPERTY LISTING DETAILS
Gabrielle Montano
Tierra Bella Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178396
Last Updated: 01/09/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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