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1973 E Clubhouse Drive Phoenix, AZ 85048

4 Beds 4 Baths 3,667 sqft Built 1989

INVESTimate

$739,000

List Price

$3,120

$2,870 - $3,370

Rent Est.

$761,318  ( +3.02%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1989
  • Price/Sqft : $201.53
  • 9 Days on Market
  • MLS # : 6119069
  • Updated Date : 08/19/2020 at 11:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,667 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Amazing opportunity to own this semi-custom property located in prestigious Clubhouse Estates. A perfect golf course lot situated on the Foothills Golf Course where you can not only enjoy the golf course views, but breathtaking mountain views at the same time. An ideal floor plan featuring 4 bedrooms, a spacious bonus room with walk out deck overlooking the golf course and mountains, a loft with computer station ideal for schooling from home, 3.5 baths, and a hard to find 4 car garage! The master suite is downstairs and features a fireplace and exit to the backyard. The master bath has a separate vanity area for his and her use, a large garden tub and separate shower. The kitchen opens to the great room with yet another fireplace and wet bar. A newly installed stove top, wall oven,

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k459k

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

Neighborhood: Foothills Golf Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9342327

* 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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$665,100$812,900$739,000

PURCHASE PRICE

$2,808$3,432$3,120

RENT

DOWN PAYMENT
FINANCING

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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$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$1.6M$1.8M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,120
EXPENSES Loan Payment -$2,727
Property Tax -$649
Property Insurance -$99
HOA -$34
Property Management Fees -$99
CASH FLOW
-$487

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.

$739,000

PROJECTED PRICE

$3,120

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.02%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$201,585

INVESTMENT

$201,585

Down Payment
$184,750
Rehab Estimate
$5,750
Closing Costs
$11,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$2,727

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $184,750
Loan Amount $554,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$12,064

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
  • $3,264

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,7953$3,0004$3,200
$3,200
RENT COMPS ANALYSIS
  • 1973 E Clubhouse Drive Phoenix, 1
    • 4 beds 4 baths ∙ 3,667 Sqft ∙ Built 1989 4 beds 4 baths ∙ 3,667 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1323 E Thistle Landing Drive Phoenix, 2
    • 5 beds 3 baths ∙ 3,411 Sqft ∙ Built 1992 5 beds 3 baths ∙ 3,411 Sqft ∙ Built 1992
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.82
    •  
  • 14213 S 14th Street Phoenix, 3
    • 4 beds 3 baths ∙ 3,330 Sqft ∙ Built 1993 4 beds 3 baths ∙ 3,330 Sqft ∙ Built 1993
    LEASED 04/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $0.90
    •  
  • 15033 S 7th Street Phoenix, 4
    • 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1998 4 beds 3 baths ∙ 3,379 Sqft ∙ Built 1998
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Mary Jo Santistevan
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119069
Last Updated: 08/19/2020
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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