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1941 E Marilyn Road Phoenix, AZ 85022

4 Beds 2 Baths 2,686 sqft Built 1995

$559,000

List Price

$2,670

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $208.12
  • 5 Days on Market
  • MLS # : 6180234
  • Updated Date : 01/13/2021 at 21:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,686 sqft
  • Baths : 2 full
Listing Agent

Homesmart Advantage Group

Listing Agent's Description

Great home with city and mountain views in Paradise Valley School District. This home is slightly under priced so that a new buyer can make it its own. Don't let this one get away.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lookout Mountainside

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600kPrice in $91k619k

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

Neighborhood: Lookout Mountainside

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200240026002800300032003400Rent in $9343406

* 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
 

$503,100$614,900$559,000

PURCHASE PRICE

$2,403$2,937$2,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,670
EXPENSES Loan Payment -$1,942
Property Tax -$352
Property Insurance -$80
HOA -$15
Property Management Fees -$99
CASH FLOW
$183

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.

$559,000

PROJECTED PRICE

$2,670

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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

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$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$153,885

INVESTMENT

$153,885

Down Payment
$139,750
Rehab Estimate
$5,750
Closing Costs
$8,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,942

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $139,750
Loan Amount $419,250
See What Happens When You Reinvest Cash Flow

7.17

YEARS SAVED

$48,543

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,670

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,498

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,5954$2,6705$2,725
$2,725
RENT COMPS ANALYSIS
  • 1941 E Marilyn Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,686 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,686 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,670
    • $0.99
    •  
  • 1946 E Betty Elyse Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984 3 beds 3 baths ∙ 2,499 Sqft ∙ Built 1984
    LEASED 10/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 15823 N 17th Way Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,691 Sqft ∙ Built 1993
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 801 E Waltann Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980 4 beds 3 baths ∙ 2,885 Sqft ∙ Built 1980
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.90
    •  
  • 1720 E Kathleen Road Phoenix, AZ 5
    • 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
    •  
PROPERTY LISTING DETAILS
Joseph Susco
Homesmart Advantage Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180234
Last Updated: 01/13/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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