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1417 E Darrel Road Phoenix, AZ 85042

3 Beds 2 Baths 1,867 sqft Built 2000

$334,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $178.90
  • 3 Days on Market
  • MLS # : 6176105
  • Updated Date : 01/01/2021 at 08:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,867 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Ready for a new home to kick off the new year? Look no further than this 3-bed 2-bath south Phoenix property! Situated in a friendly neighborhood with no HOA, the freshly painted exterior will immediately catch your eye. The spacious interior features bamboo flooring, plush carpeting, and fresh paint throughout. With new granite countertops in the kitchen and an open connection to the dining area, you'll have a large, refreshed space in which to entertain or enjoy family time. The backyard is a relaxing oasis with its pond, vegetable garden, and fruit trees. The owner's suite can comfortably fit a king bed, and the attached bath and walk-in closest add to the roomy feeling. You'll also appreciate the 3-car garage and the solar panels (owned) that keep your electricity bills low year-round.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: South Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7591567

* 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
C.o. Greenfield School Primary Regular 581 33 3
C.o. Greenfield School Middle Regular 581 33 3
South Mountain High School High Regular 1,706 102 2

C.o. Greenfield School

  • Education Level: Primary
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

C.o. Greenfield School

  • Education Level: Middle
  • # of students: 581
  • # of teachers: 33
3
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$300,600$367,400$334,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,232
Property Tax -$217
Property Insurance -$64
Property Management Fees -$99
CASH FLOW
$98

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.

$334,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$0.0$5.0k$10k$15k

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$94,260

INVESTMENT

$94,260

Down Payment
$83,500
Rehab Estimate
$5,750
Closing Costs
$5,010

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,232

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,500
Loan Amount $250,500
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$34,344

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7493$1,7764$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 1417 E Darrel Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.92
    •  
  • 7061 S 14th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,944 Sqft ∙ Built 1987
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.90
    •  
  • 1517 E St. Catherine Avenue -- Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2019
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,776
    • $0.96
    •  
  • 6805 S 14th Street Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 1426 E Maldonado Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 2000
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
PROPERTY LISTING DETAILS
Michael J Zysman
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176105
Last Updated: 01/01/2021
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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