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2138 E Briarwood Terrace Phoenix, AZ 85048

3 Beds 3 Baths 1,755 sqft Built 1994

$449,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $256.35
  • 4 Days on Market
  • MLS # : 6201421
  • Updated Date : 03/11/2021 at 08:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,755 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

You're going to fall in love with this Ahwatukee Foothills gem that was previously featured in Phoenix Home & Gardens Magazine in 2017! From the moment you walk in, the dramatic stone fireplace and 20' high ceilings with picture windows that overlook tranquil pool and mountain, will catch your eye! Wake up to gorgeous mountain views, relax on the patio or sit poolside while enjoying the premium lot backing to the serene Desert Foothills preserve. Beautiful kitchen boasts upgraded Knotty Alder cabinets, sleek granite counter tops and updated appliances. Spacious master bedroom features beautifully remodeled resort style master bath! Close proximity to Sky Harbor Airport, ASU, Foothills Golf Club, freeways, hiking trails and the exploding Price Corridor (PayPal, eBay, Target & more)!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$404,910$494,890$449,900

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,563
Property Tax -$320
Property Insurance -$61
HOA -$6
Property Management Fees -$99
CASH FLOW
-$109

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.

$449,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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

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$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$16,811

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,952

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,7993$1,9404$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 2138 E Briarwood Terrace Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $1.11
    •  
  • 15429 S 21st Place Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,817 Sqft ∙ Built 1991
    property image
    LEASED 08/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.99
    •  
  • 2161 E Nighthawk Way Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,755 Sqft ∙ Built 1994
    property image
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.03
    •  
  • 2333 E Mountain Vista Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1992
    property image
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.19
    •  
  • 2325 E Hiddenview Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,812 Sqft ∙ Built 1992
    property image
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.24
    •  
PROPERTY LISTING DETAILS
Darwin Wall
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6201421
Last Updated: 03/11/2021
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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