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2223 W Roy Rogers Road Phoenix, AZ 85085

4 Beds 2 Baths 2,134 sqft Built 2004

$410,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $192.13
  • 18 Days on Market
  • MLS # : 6162706
  • Updated Date : 01/17/2021 at 00:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This fantastic 4 bedroom, 2 bathroom home sits on a cul-de-sac lot right next to a playground and an open field! The home is in an extraordinary location nearby Norterra, shopping, restaurants, a movie theater, great schools and easy access to I-17 freeway! Pulling up to the home, you are greeted by immaculate desert landscaping. Inside, you have a spacious floorplan with vaulted ceilings, tile flooring and plush carpet in all the right places! Your fabulous eat-in kitchen features beautiful cabinets, granite countertops, sleek black appliances, walk-in pantry and an island with a breakfast bar. The master bedroom showcases a walk-in closet, double sink vanity, separate tub and shower and private exit to the backyard! All of the bedrooms are vast in size with ample closet space. Your crisp

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Sonoran Foothills School Primary Regular NA
Sonoran Foothills School Middle Regular NA
Barry Goldwater High School High Regular 1,856 88 4

Sonoran Foothills School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sonoran Foothills School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,424
Property Tax -$245
Property Insurance -$69
HOA -$15
Property Management Fees -$99
CASH FLOW
-$83

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.

$410,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$16,834

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,739

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,770
1$1,7702$1,7953$1,8004$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 2223 W Roy Rogers Road Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.83
    •  
  • 2411 W Via Dona Road Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 28943 N Nobel Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2004
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 2242 W Peak View Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,313 Sqft ∙ Built 2004
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.82
    •  
  • 2205 W Steed Ridge Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,313 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.86
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162706
Last Updated: 01/17/2021
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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