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1811 E Tierra Buena Lane Phoenix, AZ 85022

3 Beds 2 Baths 1,929 sqft Built 1994

$499,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $258.68
  • 2 Days on Market
  • MLS # : 6156063
  • Updated Date : 11/21/2020 at 21:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,929 sqft
  • Baths : 2 full
Listing Agent

Re/max Signature

PRICE & RENT TRENDS

Neighborhood: Sunset Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k450k

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

Neighborhood: Sunset Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342144

* 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
Aire Libre Elementary School Primary Regular 378 28 4
Aire Libre Elementary School Middle Regular 378 28 4
North Canyon High School High Regular 1,957 86 4

Aire Libre Elementary School

  • Education Level: Primary
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

Aire Libre Elementary School

  • Education Level: Middle
  • # of students: 378
  • # of teachers: 28
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,841
Property Tax -$314
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$659

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.

$499,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.33%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.6%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$443

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,833

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,660
1$1,6602$1,7003$1,7004$1,8255$1,890
$1,890
RENT COMPS ANALYSIS
  • 1811 E Tierra Buena Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 1920 E Bell Road #1152 Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,760 Sqft ∙ Built 2007
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 16825 N 14th Street #104 Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,787 Sqft ∙ Built 2007
    LEASED 09/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 15015 N 20th Place Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,018 Sqft ∙ Built 1978
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.90
    •  
  • 2140 E Kings Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,919 Sqft ∙ Built 2013
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.98
    •  
PROPERTY LISTING DETAILS
Lucinda Tkach
Re/max Signature
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6156063
Last Updated: 11/21/2020
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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