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1925 E Rosemonte Drive Phoenix, AZ 85024

5 Beds 3 Baths 2,729 sqft Built 1989

$420,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 08, 2020 RECENTLY ADDED
FACTS
  • Built In 1989
  • Price/Sqft : $153.90
  • 1 Days on Market
  • MLS # : 6157874
  • Updated Date : 11/07/2020 at 19:38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,729 sqft
  • Baths : 3 full
Listing Agent

First Stop Realty

Listing Agent's Description

Gorgeous 5 Bedroom, 3 Bath home located in an oversized corner lot in North Phoenix. Upgraded Home Throughout: New interior paint, stainless steel appliances, new carpet, updated bathrooms and much more! The Master Bedroom offers a covered balcony with spiral staircase , specious walk-in closet, double sinks and separate tub/shower. Sparkling pool and low maintenance yard are an added bonus. Great location with easy access to the 101 Freeway and the 51 Freeway. Walking distance to Buffalo Ridge Park and hiking trails. No HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Hillsdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k298k

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

Neighborhood: Hillsdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9251732

* 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
Sunset Canyon School Primary Regular 492 27 7
Mountain Trail Middle School Middle Regular 714 29 7
North Canyon High School High Regular 1,957 86 4

Sunset Canyon School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 27
7
GreatSchools Rating

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

North Canyon High School

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

$378,000$462,000$420,000

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,550
Property Tax -$265
Property Insurance -$80
Property Management Fees -$99
CASH FLOW
$447

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.

$420,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

11.33

YEARS SAVED

$83,967

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
  • $2,688

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,2953$2,6004$2,7255$2,800
$2,800
RENT COMPS ANALYSIS
  • 1925 E Rosemonte Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,729 Sqft ∙ Built 1989 5 beds 3 baths ∙ 2,729 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1726 E Ross Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,425 Sqft ∙ Built 1997
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.95
    •  
  • 21020 N 16th Way Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,516 Sqft ∙ Built 1996
    LEASED 09/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.03
    •  
  • 1720 E Kathleen Road Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1992
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,725
    • $1.01
    •  
  • 1734 E Beaubien Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
PROPERTY LISTING DETAILS
Saul Sandoval
First Stop Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157874
Last Updated: 11/07/2020
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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