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2301 W Aster Drive Phoenix, AZ 85029

3 Beds 2 Baths 1,481 sqft Built 1972

$299,999

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $202.57
  • 5 Days on Market
  • MLS # : 6186432
  • Updated Date : 01/27/2021 at 22:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,481 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Location, location, location! Fall in love with this fantastic one story, 3 bedroom, 2 bathroom home with no HOA! The large corner lot allows you all the space you need to personalize your yard! The immaculate desert landscaping is low maintenance and provides inviting curb appeal. This wonderful home is an excellent investment opportunity or a great size for the whole family! Your new home is located nearby Cave Creek park, golf course, excellent schools, restaurants, shopping, convenience stores and easy access to I-17! Don't miss out on the chance to make this house your forever home! Schedule your showing today.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $88k271k

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

Neighborhood: North Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8821567

* 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
 

$269,999$329,999$299,999

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$1,042
Property Tax -$179
Property Insurance -$56
Property Management Fees -$99
CASH FLOW
-$86

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.

$299,999

PROJECTED PRICE

$1,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.4%
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-$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$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 50% 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 $224,999
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$11,734

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,290
1$1,2902$1,3503$1,4504$1,4755$1,575
$1,575
RENT COMPS ANALYSIS
  • 2301 W Aster Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.87
    •  
  • 1621 W Surrey Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1971
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.93
    •  
  • 1619 W Pershing Avenue Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,534 Sqft ∙ Built 1971
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 14219 N 24th Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,688 Sqft ∙ Built 1979
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.87
    •  
  • 13129 N 21st Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,651 Sqft ∙ Built 1962
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.95
    •  
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 #: 6186432
Last Updated: 01/27/2021
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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