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2236 W Betty Elyse Lane Phoenix, AZ 85023

3 Beds 2 Baths 1,510 sqft Built 2017

$360,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $238.41
  • 4 Days on Market
  • MLS # : 6185740
  • Updated Date : 01/29/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

STOP THE CAR! This beautiful home located in the Hillstone Homes subdivision is an Energy Star home and part of the Environments for Living guaranteed utility rates. The city maintained Cave Creek Golf Course sits just across Greenway Road. Open concept living invites guests to sit and stay a while. The spectacular kitchen boasts quartz countertops, a huge island and soft close drawers. A large sliding glass door invites you to enjoy the back patio that overlooks the fully landscaped yard. Because the home was built in 2017, all of the major components are almost brand new. You'll have no worries about major repairs for years to come. Walking paths and a nearby park provide a place for community. This home has so much to offer. Come by and take a look before it is gone!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sierra Prieta Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k480k

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

Neighborhood: Sierra Prieta Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342434

* 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 Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,250
Property Tax -$215
Property Insurance -$57
HOA -$33
Property Management Fees -$99
CASH FLOW
-$154

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$360,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$10,340

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
  • $1,510

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5003$1,6004$1,6255$1,695
$1,695
RENT COMPS ANALYSIS
  • 2236 W Betty Elyse Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1958 W Davis Road Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,454 Sqft ∙ Built 2006
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 2153 W Le Marche Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2008 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2008
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 1937 W Busoni Place Phoenix, AZ 4
    • 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,654 Sqft ∙ Built 2007
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 16216 N 21st Lane Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2011 3 beds 3 baths ∙ 1,655 Sqft ∙ Built 2011
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.02
    •  
PROPERTY LISTING DETAILS
Shannon Mcroy
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185740
Last Updated: 01/29/2021
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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