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1611 W Pearce Road Phoenix, AZ 85041

5 Beds 5 Baths 4,077 sqft Built 2004

$899,000

List Price

$2,920

$2.7K - $3.2K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $220.51
  • 5 Days on Market
  • MLS # : 6174189
  • Updated Date : 12/23/2020 at 14:23
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,077 sqft
  • Baths : 4 full , 1 half
Listing Agent

United Brokers Group

Listing Agent's Description

Here is your opportunity to own a home in the exclusive, gated community Talasera...the hidden gem of a neighborhood tucked into South Mountain! This original owner home is located on a corner lot with open area in front of it allowing for views of the Phoenix skyline & the surrounding mountains for miles! In the front courtyard enjoy those amazing views, the tranquil sound of water from the fountain while cozying up in front of the beautiful outdoor fireplace! Through the gorgeous wood doors step into a home that has been customized with every luxury item you could think of! Featuring 5 bedrooms (one of which has its own private bathroom and separate entrance), 4.5 bathrooms, huge game room, open concept family room with formal dining the 4,077 square foot home has it all for your

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Talasera

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k629k

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

Neighborhood: Talasera

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $9342728

* 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
Southwest Elementary School Primary Regular 499 26 2
Southwest Elementary School Middle Regular 499 26 2
Cesar Chavez High School High Regular 2,575 131 3

Southwest Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Southwest Elementary School

  • Education Level: Middle
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$809,100$988,900$899,000

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 -$3,317
Property Tax -$584
Property Insurance -$107
HOA -$33
Property Management Fees -$99
CASH FLOW
-$1,220

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.

$899,000

PROJECTED PRICE

$2,920

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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$500k$1.0M$1.5M$2.0M$2.5M$3.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M$3.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$243,985

INVESTMENT

$243,985

Down Payment
$224,750
Rehab Estimate
$5,750
Closing Costs
$13,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$3,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $224,750
Loan Amount $674,250
See What Happens When You Reinvest Cash Flow

0.25

YEARS SAVED

$444

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
  • $3,506

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,500
$3,500
RENT COMPS ANALYSIS
  • 1611 W Pearce Road Phoenix, AZ 1
    • 5 beds 5 baths ∙ 4,077 Sqft ∙ Built 2004 5 beds 5 baths ∙ 4,077 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1605 W Capistrano Avenue Phoenix, AZ 2
    • 4 beds 5 baths ∙ 4,077 Sqft ∙ Built 2006 4 beds 5 baths ∙ 4,077 Sqft ∙ Built 2006
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Kristina L. Sabo
United Brokers Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174189
Last Updated: 12/23/2020
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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