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2031 W Dahlia Drive Phoenix, AZ 85029

3 Beds 2 Baths 1,433 sqft Built 1970

$295,000

List Price

$1,260

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $205.86
  • 4 Days on Market
  • MLS # : 6184035
  • Updated Date : 01/22/2021 at 21:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,433 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous remodel. NO HOA. Beautiful white kitchen cabinets. New SS appliances. Quartz counters in kitchen and baths. All new flooring throughout. You won't be disappointed with the large master bedroom & bath. The master bedroom has a private exit to the beautiful backyard featuring a freshly plastered diving pool and mountain views! Close to freeways and shopping. Move-in ready. Will not last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Canyon Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8471567

* 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
Shaw Butte Elementary School Primary Regular 1,011 48 3
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Shaw Butte Elementary School

  • Education Level: Primary
  • # of students: 1,011
  • # of teachers: 48
3
GreatSchools Rating

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,134$1,386$1,260

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,260
EXPENSES Loan Payment -$1,025
Property Tax -$176
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
-$95

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.

$295,000

PROJECTED PRICE

$1,260

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

3.83

YEARS SAVED

$10,419

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
  • $1,369

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,2503$1,3504$1,4505$1,575
$1,575
RENT COMPS ANALYSIS
  • 2031 W Dahlia Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,433 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2502 W Larkspur Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 1962
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.99
    •  
  • 1621 W Surrey Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 1619 W Pershing Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 13129 N 21st Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
PROPERTY LISTING DETAILS
Annie Mcmillan
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6184035
Last Updated: 01/22/2021
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.

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