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2107 N Rascon Loop Phoenix, AZ 85037

4 Beds 3 Baths 2,308 sqft Built 2003

$369,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $159.88
  • 3 Days on Market
  • MLS # : 6167733
  • Updated Date : 12/04/2020 at 12:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,308 sqft
  • Baths : 3 full
Listing Agent

Realty One Group

Listing Agent's Description

Take a look at this elegant home boasting a courtyard entry with welcoming iron gate! The split floor plan is comprised of formal living & dining rooms, 4 bed, 3 bath, and large family room perfect for an entertainment area. There's a bedroom and bath in the front of the home ideal for guests! Beautiful kitchen includes plenty of cabinets, center island, pantry, and stainless steel appliances. Marvelous master suite offers an ample master bath featuring separate tub, step-in shower, walk-in closet, and double sinks. Large and quiet backyard has covered patio with paver extended, built-in BBQ, mature trees, and so much room for your landscaping ideas!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Sheely Farms

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8321567

* 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
Sheely Farms Elementary School Primary Regular 777 36 4
Sheely Farms Elementary School Middle Regular 777 36 4
Tolleson Union High School High Regular 1,911 91 4

Sheely Farms Elementary School

  • Education Level: Primary
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Sheely Farms Elementary School

  • Education Level: Middle
  • # of students: 777
  • # of teachers: 36
4
GreatSchools Rating

Tolleson Union High School

  • Education Level: High
  • # of students: 1,911
  • # of teachers: 91
4
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,361
Property Tax -$231
Property Insurance -$72
HOA -$55
Property Management Fees -$99
CASH FLOW
-$138

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$369,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,602

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
  • $1,696

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5953$1,6994$1,7005$1,700
$1,700
RENT COMPS ANALYSIS
  • 2107 N Rascon Loop Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,308 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 9027 W Monte Vista Road Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,322 Sqft ∙ Built 1995 5 beds 3 baths ∙ 2,322 Sqft ∙ Built 1995
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.69
    •  
  • 2405 N 92nd Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 2003
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.77
    •  
  • 9410 W Eaton Road Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,253 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,253 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.75
    •  
  • 2014 N 93rd Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2003
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.73
    •  
PROPERTY LISTING DETAILS
Brook Hart Gilleland
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6167733
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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