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2029 W Calle Marita -- Phoenix, AZ 85085

3 Beds 4 Baths 2,639 sqft Built 2004

$560,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $212.20
  • 4 Days on Market
  • MLS # : 6161327
  • Updated Date : 11/19/2020 at 15:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,639 sqft
  • Baths : 3 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Original owner, customized model you will not find in this lovely gated complex. This home has been meticulously cared for and has that ''owner integrity'' that is so hard to come by in the market these days. Beautiful slate floors throughout, timeless granite kitchen counters, and a beautifully landscaped yard envelops all sides of the home in a desert designed sanctuary. Attached mother-in-law suite with separate entrance, and custom touches like the 8' garage door height, crafted fireplace mantle, and oversized master tub give this home those extra touches you didn't even know you wanted but will be so glad you have!OPEN HOUSE:Saturday 11/21 10am - 2pm Sunday 11/22 10am - 2pm

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
Sonoran Foothills School Primary Regular NA
Sonoran Foothills School Middle Regular NA
Barry Goldwater High School High Regular 1,856 88 4

Sonoran Foothills School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sonoran Foothills School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Barry Goldwater High School

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

$504,000$616,000$560,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$2,066
Property Tax -$335
Property Insurance -$79
HOA -$175
Property Management Fees -$99
CASH FLOW
-$634

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.

$560,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.38%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

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$154,150

INVESTMENT

$154,150

Down Payment
$140,000
Rehab Estimate
$5,750
Closing Costs
$8,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $140,000
Loan Amount $420,000
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$1,059

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,223

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1203$2,1504$2,1955$2,500
$2,500
RENT COMPS ANALYSIS
  • 2029 W Calle Marita -- Phoenix, AZ 2
    • 3 beds 4 baths ∙ 2,639 Sqft ∙ Built 2004 3 beds 4 baths ∙ 2,639 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.80
    •  
  • 31807 N 22nd Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
  • 33105 N 23rd Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 2643 W Gray Wolf Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
  • 1811 W Sierra Sunset Trail Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,876 Sqft ∙ Built 2006
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.87
    •  
PROPERTY LISTING DETAILS
Kristofer Warren Robison
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6161327
Last Updated: 11/19/2020
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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