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2031 E Soft Wind Drive Phoenix, AZ 85024

3 Beds 2 Baths 2,206 sqft Built 1998

$475,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $215.32
  • 5 Days on Market
  • MLS # : 6166052
  • Updated Date : 12/04/2020 at 18:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,206 sqft
  • Baths : 2 full
Listing Agent

Hague Partners

Listing Agent's Description

***72SOLD Home Sale*** Looking for a single story 3 car with a pool? You're going to love this absolutely immaculate, spacious home in the Mountain Gate North community of northeast Phoenix. Enjoy mountain views, a private backyard pool with waterfall, open-concept floor plan, split master bedroom, kitchen with quartz counter tops and stainless steel appliances, and so much more. One of the largest single-story floor plans in the community, and kept by its owner in mint condition. 2 NEW High Efficiency Trane AC units in 2020, pebble sheen pool re-surfaced in 2019. Located just minutes to the Loop 101, State Route 51, and shopping and dining options at Desert Ridge Marketplace. Excellent Paradise Valley USD schools.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountaingate North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Mountaingate North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9342004

* 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
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$427,500$522,500$475,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,753
Property Tax -$299
Property Insurance -$70
HOA -$30
Property Management Fees -$99
CASH FLOW
-$211

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.

$475,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,753

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$15,399

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,178

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0253$2,0404$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 2031 E Soft Wind Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,206 Sqft ∙ Built 1998 3 beds 2 baths ∙ 2,206 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.92
    •  
  • 23405 N 22nd Way Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,165 Sqft ∙ Built 1999
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.88
    •  
  • 2163 E Vista Bonita Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1999
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $1.00
    •  
  • 2322 E Mine Creek Road Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,236 Sqft ∙ Built 2010
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.98
    •  
  • 23203 N 23rd Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,021 Sqft ∙ Built 1998
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
PROPERTY LISTING DETAILS
Ronald Palmer
Hague Partners
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6166052
Last Updated: 12/04/2020
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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