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1839 E Parkside Lane Phoenix, AZ 85024

4 Beds 3 Baths 2,452 sqft Built 2004

$475,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $193.72
  • 3 Days on Market
  • MLS # : 6167890
  • Updated Date : 12/04/2020 at 15:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,452 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homie

Listing Agent's Description

Kitchen features include an oversized island, abundance of upgraded cabinets & built-in desk. Large Master Suite with large soaking tub & huge walk-in closet for ample storage; oversized Secondary Bedrooms with walk-in closets; Two brand new A/C Units installed in 2019! 240 Volt electric car outlet in garage. Gorgeous low maintenance Back Yard features patio cover and artificial grass. Upgraded flooring and paint throughout.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Eagle Bluff

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $91k402k

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

Neighborhood: Eagle Bluff

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342169

* 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
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,753
Property Tax -$299
Property Insurance -$75
HOA -$11
Property Management Fees -$99
CASH FLOW
-$17

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.

$475,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$31,412

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,532

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,220
1$2,2202$2,5953$2,6004$2,7005$2,850
$2,850
RENT COMPS ANALYSIS
  • 1839 E Parkside Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,452 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.91
    •  
  • 23003 N 20th Way Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996
    property image
    LEASED 12/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.99
    •  
  • 1834 E Patrick Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,677 Sqft ∙ Built 2004
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 23010 N 20th Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1996
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.03
    •  
  • 23242 N 20th Street Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 2001
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.14
    •  
PROPERTY LISTING DETAILS
Jennifer Hull
Homie
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167890
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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