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1827 W Adamanda Court Phoenix, AZ 85086

5 Beds 5 Baths 4,184 sqft Built 2011

$870,000

List Price

$3,210

$3K - $3.5K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2011
  • Price/Sqft : $207.93
  • 3 Days on Market
  • MLS # : 6167979
  • Updated Date : 12/04/2020 at 17:19
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,184 sqft
  • Baths : 4 full , 1 half
Listing Agent

Service First Realty

Listing Agent's Description

Looking for an immaculate and very well taken care of home, here it is! Very thoughtfully laid out floor plan with 5 bedrooms and 4.5 bathrooms. Large Gourmet Kitchen with beautiful upgraded granite countertops and stainless appliances and double wall ovens. Home is has reverse osmosis system, 3 a/c units, 2 hot water heaters and is plumbed for central vac.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Desert Mountain School Primary Regular 695 42 7
Desert Mountain School Middle Regular 695 42 7
Boulder Creek High School High Regular 2,639 105 6

Desert Mountain School

  • Education Level: Primary
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Desert Mountain School

  • Education Level: Middle
  • # of students: 695
  • # of teachers: 42
7
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$783,000$957,000$870,000

PURCHASE PRICE

$2,889$3,531$3,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,210
EXPENSES Loan Payment -$3,210
Property Tax -$678
Property Insurance -$109
Property Management Fees -$99
CASH FLOW
-$885

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.

$870,000

PROJECTED PRICE

$3,210

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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-$15k-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$236,300

INVESTMENT

$236,300

Down Payment
$217,500
Rehab Estimate
$5,750
Closing Costs
$13,050

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$3,210

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $217,500
Loan Amount $652,500
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$3,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,210

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $3,515

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,990
1$2,9902$3,2103$3,750
$3,750
RENT COMPS ANALYSIS
  • 1827 W Adamanda Court Phoenix, AZ 2
    • 5 beds 5 baths ∙ 4,184 Sqft ∙ Built 2011 5 beds 5 baths ∙ 4,184 Sqft ∙ Built 2011
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $3,210
    • $0.77
    •  
  • 2039 W Hidden Treasure Way Phoenix, AZ 1
    • 5 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,003 Sqft ∙ Built 2004
    property image
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,990
    • $0.75
    •  
  • 38320 N 15th Avenue Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,039 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,039 Sqft ∙ Built 2005
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,750
    • $0.93
    •  
PROPERTY LISTING DETAILS
Pam Haycraft
Service First Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167979
Last Updated: 12/04/2020
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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