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2115 E Rosemonte Drive Phoenix, AZ 85024

4 Beds 2 Baths 1,521 sqft Built 1998

$349,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $230.05
  • 1 Days on Market
  • MLS # : 6191073
  • Updated Date : 02/07/2021 at 01:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,521 sqft
  • Baths : 2 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

An abundance of possibilities in this 4 bedroom/2 bath home! Master bedroom located on the south side of house and the 3 guest bedrooms are on the north side of the house. Very large great room will impress you from the entry, as well as wonderful backyard views! Open kitchen setting with awesome eat-in kitchen. Indoor laundry, nice pantry, beautiful wood plank floor in great room and impressive tile in the kitchen. Dishwasher replaced Aug 2020 and new carpet to be installed March 2nd. Picture of carpet sample in photos and carpet sample will be on counter when it arrives.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Rose

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Mountain Rose

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Mountain Trail Middle School Middle Regular 714 29 7
North Canyon High School High Regular 1,957 86 4

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,215
Property Tax -$220
Property Insurance -$57
HOA -$11
Property Management Fees -$99
CASH FLOW
$67

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.

$349,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 10.0%
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$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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$25,639

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,764

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6703$1,8004$1,8505$1,995
$1,995
RENT COMPS ANALYSIS
  • 2115 E Rosemonte Drive Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,521 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.10
    •  
  • 2306 E Siesta Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.05
    •  
  • 18404 N 20th Place Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 2004
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.13
    •  
  • 2003 E Wagoner Road Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1998
    LEASED 12/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.22
    •  
  • 1953 E Rockwood Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1990
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.25
    •  
PROPERTY LISTING DETAILS
Elisa Henrichs
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6191073
Last Updated: 02/07/2021
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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