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2125 E Kerry Lane Phoenix, AZ 85024

4 Beds 3 Baths 2,914 sqft Built 2005

$630,000

List Price

$2,490

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $216.20
  • 3 Days on Market
  • MLS # : 6163609
  • Updated Date : 01/01/2021 at 20:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,914 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

WOW! Incredible Custom home, with Panoramic Mountain Views. No HOA fees. This beautiful home offers 2,914sq feet, with a gated courtyard entry to enjoy your morning cup of coffee, 4 bedroom, 3 bathroom, gourmet kitchen with granite counter tops, a center island, breakfast bar formal living and dinning room with cathedral windows and fire place. Top level features an amazing balcony with panoramic mountain views. Out side the rock sliding waterfall cascade into pool with mature fruit trees, 4 car Extended Length RV Garage (16Wx48Dx17H). This beautiful home is close to restaurants, shopping, and freeway 51-101. Due to the holidays, the property will be temporarily off the market. It will be active on January 1, 2021.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Buffalo Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550kPrice in $83k575k

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

Neighborhood: Buffalo Ridge Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600Rent in $8622635

* 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
Sunset Canyon School Primary Regular 492 27 7
Mountain Trail Middle School Middle Regular 714 29 7
North Canyon High School High Regular 1,957 86 4

Sunset Canyon School

  • Education Level: Primary
  • # of students: 492
  • # of teachers: 27
7
GreatSchools Rating

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
 

$567,000$693,000$630,000

PURCHASE PRICE

$2,241$2,739$2,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,490
EXPENSES Loan Payment -$2,324
Property Tax -$435
Property Insurance -$84
Property Management Fees -$99
CASH FLOW
-$453

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.

$630,000

PROJECTED PRICE

$2,490

PROJECTED RENT

0.40%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 5.9%
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$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,700

INVESTMENT

$172,700

Down Payment
$157,500
Rehab Estimate
$5,750
Closing Costs
$9,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,324

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $157,500
Loan Amount $472,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$10,509

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
  • $2,484

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9003$2,4954$2,8005$2,850
$2,850
RENT COMPS ANALYSIS
  • 2125 E Kerry Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,914 Sqft ∙ Built 2005
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 20607 N 17th Way Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1995 3 beds 3 baths ∙ 2,621 Sqft ∙ Built 1995
    property image
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.72
    •  
  • 20608 N 8th Street Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998 5 beds 3 baths ∙ 2,940 Sqft ∙ Built 1998
    property image
    LEASED 07/24/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.85
    •  
  • 1734 E Beaubien Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,954 Sqft ∙ Built 1997
    property image
    LEASED 09/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.95
    •  
  • 3440 E Morrow Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,188 Sqft ∙ Built 1986
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $0.89
    •  
PROPERTY LISTING DETAILS
Angela Cartagena
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6163609
Last Updated: 01/01/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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