Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1759 W Desperado Way Phoenix, AZ 85085

3 Beds 3 Baths 2,414 sqft Built 2013

$499,900

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $207.08
  • 3 Days on Market
  • MLS # : 6201832
  • Updated Date : 03/07/2021 at 03:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,414 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Spacious home in the highly sought after, amenity rich master planned community of Fireside at Norterra. Must see interior has soaring vaulted ceilings, gorgeous tile flooring and custom paint tones. You will love the spacious open concept floor plan, perfect for gathering friends and family. Large kitchen with granite countertops, ss appliances, gas cooking, beautiful dark cabinetry, tile backsplash and pendant lighting over the large island with breakfast bar seating. Upstairs you will find a loft, full of possibilities. Light filled master retreat includes en suite with soaking tub and separate shower. The inviting backyard with covered paver patio and grassy area is perfect for relaxing and enjoying Arizona outdoors. Community center has gym, rock climbing wall, pools, tennis courts!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$449,910$549,890$499,900

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,736
Property Tax -$299
Property Insurance -$74
HOA -$46
Property Management Fees -$99
CASH FLOW
-$134

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.

$499,900

PROJECTED PRICE

$2,120

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,736

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$17,813

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,142

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0743$2,1204$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 1759 W Desperado Way Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,414 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.88
    •  
  • 27413 N 25th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.83
    •  
  • 2329 W Hedgehog Place Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2001
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,074
    • $0.90
    •  
  • 1815 W Fetlock Trail Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 1751 W Desperado Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,474 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
PROPERTY LISTING DETAILS
Shelley Sakala
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201832
Last Updated: 03/07/2021
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.

BESbswy