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14638 S Presario Trail Phoenix, AZ 85048

4 Beds 4 Baths 3,622 sqft Built 2001

$949,000

List Price

$3,710

$3.5K - $4K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $262.01
  • 4 Days on Market
  • MLS # : 6180536
  • Updated Date : 01/14/2021 at 18:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,622 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Here is your opportunity to live in one of Ahwatukee's most exclusive subdivisions for under 1 Million. Welcome to the gated community of Summerhill. This single level property exudes a classy yet contemporary design with timeless finishes. The kitchen has been remodeled boasting sleek custom cabinetry, a stunning slab of granite on an oversize island, granite counters, custom tile back splash, a Wolf gas range, double convection wall ovens, and an Edge Star wine refrigerator. The split floor plan design allows for a private master suite. You will fall in love with the remodeled bathroom and certainly the round stand alone tub for a relaxing soak. The master bath has a dedicated electric water heater while the rest of the home utilizes a gas water heater.

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 Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
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
 

$854,100$1,043,900$949,000

PURCHASE PRICE

$3,339$4,081$3,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,710
EXPENSES Loan Payment -$3,296
Property Tax -$676
Property Insurance -$98
HOA -$14
Property Management Fees -$99
CASH FLOW
-$473

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.

$949,000

PROJECTED PRICE

$3,710

PROJECTED RENT

0.39%

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$500k$1.0M$1.5M$2.0M$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k$25k$30k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$257,235

INVESTMENT

$257,235

Down Payment
$237,250
Rehab Estimate
$5,750
Closing Costs
$14,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$3,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $237,250
Loan Amount $711,750
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$19,825

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,710

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $3,378

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,995
1$2,9952$3,0003$3,2004$3,4005$3,710
$3,710
RENT COMPS ANALYSIS
  • 14638 S Presario Trail Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,622 Sqft ∙ Built 2001 4 beds 4 baths ∙ 3,622 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $3,710
    • $1.02
    •  
  • 16042 S 14th Drive Phoenix, AZ 1
    • 5 beds 4 baths ∙ 3,318 Sqft ∙ Built 1996 5 beds 4 baths ∙ 3,318 Sqft ∙ Built 1996
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,995
    • $0.90
    •  
  • 533 W Desert Flower Lane Phoenix, AZ 2
    • 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 1999 5 beds 4 baths ∙ 3,418 Sqft ∙ Built 1999
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.88
    •  
  • 15033 S 7th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1998
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.95
    •  
  • 14264 S 12th Street Phoenix, AZ 4
    • 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993 5 beds 3 baths ∙ 3,402 Sqft ∙ Built 1993
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mary Jo Santistevan
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180536
Last Updated: 01/14/2021
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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