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2129 E Rosemonte Drive Phoenix, AZ 85024

3 Beds 3 Baths 1,674 sqft Built 1998

$399,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $238.89
  • 2 Days on Market
  • MLS # : 6187930
  • Updated Date : 01/30/2021 at 21:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,674 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,389
Property Tax -$252
Property Insurance -$60
HOA -$14
Property Management Fees -$99
CASH FLOW
-$213

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.

$399,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.40%

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,127

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,620

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6253$1,6504$1,6955$1,795
$1,795
RENT COMPS ANALYSIS
  • 2129 E Rosemonte Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,674 Sqft ∙ Built 1998
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 2306 E Siesta Lane Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1995
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.05
    •  
  • 18611 N 22nd Street #74 Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,819 Sqft ∙ Built 2000
    property image
    LEASED 11/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.91
    •  
  • 18611 N 22nd Street N #72 Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,851 Sqft ∙ Built 1999
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 2120 E Rosemonte Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 1998
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Angelo R Rivers
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187930
Last Updated: 01/30/2021
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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