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1542 W Saltsage Drive Phoenix, AZ 85045

4 Beds 4 Baths 3,507 sqft Built 1999

$799,900

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $228.09
  • 5 Days on Market
  • MLS # : 6195388
  • Updated Date : 02/26/2021 at 16:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,507 sqft
  • Baths : 3 full , 1 half
Listing Agent

Rhouse Realty

Listing Agent's Description

Gorgeous 4 bed / 3.5 bath single level home w/ split floorplan in the popular Foothills Club West w/ stunning mountain views. Immaculately maintained w/ upgrades galore including quartz counters, 8 ft solid alder doors, plantation shutters, pristine flooring, custom LED lighting, electronic/remote operated shades & much more. Beautiful kitchen w/ striking cabinetry, appliance garage, custom tile backsplash, double wall ovens, walk-in pantry w/ auto light & island w/ flat top stove & storage. Has formal dining room, as well as a more casual eating area right off kitchen. Living room showcases ceiling to floor corner fireplace & entertainment wall. Spacious master suite w/ double door entry has full wall of windows looking out to mountains & private door to back patio.

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
 

$719,910$879,890$799,900

PURCHASE PRICE

$2,628$3,212$2,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,920
EXPENSES Loan Payment -$2,778
Property Tax -$569
Property Insurance -$96
HOA -$6
Property Management Fees -$99
CASH FLOW
-$628

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.

$799,900

PROJECTED PRICE

$2,920

PROJECTED RENT

0.37%

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

PROJECTED ANNUAL CASH FLOW

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

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$217,724

INVESTMENT

$217,724

Down Payment
$199,975
Rehab Estimate
$5,750
Closing Costs
$11,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,778

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $199,975
Loan Amount $599,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$6,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,920

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $3,004

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,550
1$2,5502$2,9203$2,9954$3,000
$3,000
RENT COMPS ANALYSIS
  • 1542 W Saltsage Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 1999 4 beds 4 baths ∙ 3,507 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,920
    • $0.83
    •  
  • 15848 S 8th Street Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 1996 4 beds 3 baths ∙ 3,223 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.79
    •  
  • 16042 S 14th Drive Phoenix, AZ 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Rachael Richards
Rhouse Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195388
Last Updated: 02/26/2021
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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