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2002 W Carson Road Phoenix, AZ 85041

4 Beds 2 Baths 2,519 sqft Built 2005

$409,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $162.37
  • 2 Days on Market
  • MLS # : 6179095
  • Updated Date : 01/09/2021 at 18:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,519 sqft
  • Baths : 2 full
Listing Agent

Real Estate Brokers Intl

Listing Agent's Description

This beautiful, open, One Story, Four Bedroom home is waiting for you! Open Living Spaces. Amazing Corner Lot = Huge Back Yard! Two Garages for Three Cars. The Kitchen has everything in the right place. The Pantry is large. Open to the Great Room. Perfect for Entertaining. Vaulted Ceilings and Plantation Shutters throughout. The Master Suite is Spacious enough for Largest most Luxurious bedroom furniture. Large Laundry Room with plenty of cabinets. Lots of Closet and Storage Space. See a pattern here? Large, Roomy, Open...You need to come see this! You're going to LOVE it! Near Shopping. Centrally Located. Fifteen Min from the Sky Harbor Airport. Buyers to research pertinent and important information to them.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Vineyard Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Vineyard Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
Ed And Verma Pastor Elementary School Primary Regular 637 32 2
Ed And Verma Pastor Elementary School Middle Regular 637 32 2
Cesar Chavez High School High Regular 2,575 131 3

Ed And Verma Pastor Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 32
2
GreatSchools Rating

Ed And Verma Pastor Elementary School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 32
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,421
Property Tax -$266
Property Insurance -$76
HOA -$28
Property Management Fees -$99
CASH FLOW
-$10

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.

$409,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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

PROJECTED ANNUAL CASH FLOW

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

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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$22,787

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,003

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,880
1$1,8802$1,9003$1,9504$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2002 W Carson Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,519 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,519 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.75
    •  
  • 2116 W Fawn Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 2135 W Maldonado Road Phoenix, AZ 3
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004
    LEASED 02/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 2205 W Darrel Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2004
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.81
    •  
  • 7746 S 22nd Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2004
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
PROPERTY LISTING DETAILS
Mauri Freedle
Real Estate Brokers Intl
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179095
Last Updated: 01/09/2021
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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