Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2028 W Calle De Las Estrella -- Phoenix, AZ 85085

4 Beds 4 Baths 3,461 sqft Built 2004

$729,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $210.63
  • 2 Days on Market
  • MLS # : 6187095
  • Updated Date : 02/12/2021 at 23:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,461 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

A gorgeous semi-custom Toll Brothers home featuring four bedrooms, three-and-a-half bathrooms, and three car side-by-side garage. This stupendous home is located in the highly desirable gated community of Sonoran Foothills. The homes interior includes a chef's kitchen with Jenn-Air appliances and a family room with gas fireplace. The over sized master bedroom includes a seating area with coffered ceilings and a master bathroom with a jetted tub and separate shower. The interior has recently been painted and features plantation shutters throughout. Additionally, the home includes a private ensuite bedroom/bath combination with a walk-in closet perfect for your guests. The garage has epoxy flooring and built in cabinets. Enjoy those warm summer days in the private pool and those cool winter

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k546k

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

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342561

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$656,100$801,900$729,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$2,532
Property Tax -$436
Property Insurance -$95
HOA -$59
Property Management Fees -$99
CASH FLOW
-$771

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.

$729,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.34%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$198,935

INVESTMENT

$198,935

Down Payment
$182,250
Rehab Estimate
$5,750
Closing Costs
$10,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,532

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $182,250
Loan Amount $546,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$1,451

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,492

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$2,245
1$2,2452$2,2953$2,4004$2,4505$2,600
$2,600
RENT COMPS ANALYSIS
  • 2028 W Calle De Las Estrella -- Phoenix, AZ 4
    • 4 beds 4 baths ∙ 3,461 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,461 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.71
    •  
  • 33510 N 25th Avenue Phoenix, AZ 1
    • 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,253 Sqft ∙ Built 2006
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.69
    •  
  • 33211 N 24th Drive Phoenix, AZ 2
    • 5 beds 3 baths ∙ 3,333 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,333 Sqft ∙ Built 2005
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.69
    •  
  • 2421 W Night Owl Lane Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003 5 beds 3 baths ∙ 3,348 Sqft ∙ Built 2003
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
  • 32628 N 24th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,339 Sqft ∙ Built 2004
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.78
    •  
PROPERTY LISTING DETAILS
Marie Grier
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187095
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

BESbswy