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2307 W Dewdrop Trail Phoenix, AZ 85085

5 Beds 3 Baths 2,879 sqft Built 2007

$574,999

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $199.72
  • 2 Days on Market
  • MLS # : 6170658
  • Updated Date : 12/12/2020 at 14:40
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,879 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

WOW! One of the largest lots in the area with over $150k in recent upgrades in the kitchen, bathrooms and flooring- and even has Mountain Views! Beautifully remolded master bathroom, guest bathrooms, kitchen, upgraded flooring- wood floors in kitchen with chiseled edge travertine Versailles pattern on the main floor and brand new carpet in the upstairs- bedrooms, hallway and stairs5 bedrooms plus an upgraded double desk with built-in cabinets and quartz counter tops in the loft,. Soaring ceilings, in the master and dining areas, Large master bedroom with mtn views, completely remodeled GORGEOUS bathroom w/ a large separate shower & tub, amazing cabinets, flooring, sinks and so much more.RV gate, Plantation shutters, tankless water heater and fresh paint and so much more. Must s

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
 

$517,499$632,499$574,999

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$2,121
Property Tax -$344
Property Insurance -$83
HOA -$54
Property Management Fees -$99
CASH FLOW
-$452

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.

$574,999

PROJECTED PRICE

$2,250

PROJECTED RENT

0.39%

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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$158,125

INVESTMENT

$158,125

Down Payment
$143,750
Rehab Estimate
$5,750
Closing Costs
$8,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,121

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $143,750
Loan Amount $431,249
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$7,062

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
  • $2,375

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$2,2004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2307 W Dewdrop Trail Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,879 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2412 W Barwick Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2006
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 2405 W Barwick Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2006
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 2019 W Skinner Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,783 Sqft ∙ Built 2006
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 28927 N Nobel Road Phoenix, AZ 5
    • 5 beds 3 baths ∙ 3,006 Sqft ∙ Built 2004 5 beds 3 baths ∙ 3,006 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.80
    •  
PROPERTY LISTING DETAILS
Julie Ansell
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170658
Last Updated: 12/12/2020
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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