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2248 W Saint Moritz Lane Phoenix, AZ 85023

4 Beds 2 Baths 1,573 sqft Built 1979

$300,000

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $190.72
  • 3 Days on Market
  • MLS # : 6178945
  • Updated Date : 01/15/2021 at 18:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,573 sqft
  • Baths : 1 full , 1 half
Listing Agent

Tru Realty

Listing Agent's Description

This fantastic 4-bedroom home sits on a large corner lot, in a quiet community nestled between I-17 & the Cave Creek Golf Course. Enjoy cozying in the living room, with a brick, wood burning fireplace, vaulted ceilings, and new wood look laminate floors. Or maybe you prefer lounging on the covered patio next to the sparkling blue diving pool. There's even a backyard shed and plenty of room for grass, gravel, or your own garden. With 4 bedrooms, there's room for everyone to have their own space, including an RV Gate and expanded driveway for all the toys. No HOA, north / south exposure, and a great neighborhood. This one check all the boxes!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Greenway North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k272k

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

Neighborhood: Greenway North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$1,042
Property Tax -$179
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$152

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.

$300,000

PROJECTED PRICE

$1,530

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 6.9%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

8.17

YEARS SAVED

$32,227

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,424

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4503$1,5304$1,5455$1,545
$1,545
RENT COMPS ANALYSIS
  • 2248 W Saint Moritz Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,573 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,573 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.97
    •  
  • 16029 N 25th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1974
    property image
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 2185 W Sharon Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1973
    property image
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 13636 N 18th Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,496 Sqft ∙ Built 1972
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.03
    •  
  • 15033 N 30th Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1970
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.89
    •  
PROPERTY LISTING DETAILS
Odessa Marie Keilman
Tru Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178945
Last Updated: 01/15/2021
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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