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2311 E Branham Lane Phoenix, AZ 85042

3 Beds 2 Baths 1,902 sqft Built 2018

$399,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $210.25
  • 2 Days on Market
  • MLS # : 6189470
  • Updated Date : 02/07/2021 at 01:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,902 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Enjoy a lovely like new 2018 build home with a view of South Mountain and close to various mountain trails, shopping, and restaurants. Very well maintained and features $37K in builder's upgrades & options inclusive of: upgraded kitchen & bath cabinetry, Delorean grey floor tiles, and deep Moonstone carpeting. Additional seller added options include garage cabinets, Silverleaf epoxy flooring, premium water softener (negotiable), premium reverse osmosis system, misting system, backyard with synthetic landscaping and Apache pink gravel. There is also timer controlled front lights and backyard lawn lighting. Home is equipped with a smarts system security, a Wineberry security door, and much more. Here is a great opportunity to live in a centrally located gated community. Priced to sell.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $81k271k

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

Neighborhood: South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7291567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$359,910$439,890$399,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,389
Property Tax -$260
Property Insurance -$64
HOA -$140
Property Management Fees -$99
CASH FLOW
-$162

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.

$399,900

PROJECTED PRICE

$1,790

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 11.9%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,378

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
  • $1,935

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6503$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2311 E Branham Lane Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 1835 E Dunbar Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,783 Sqft ∙ Built 2003
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 7423 S 27th Way Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2011 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 2011
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.96
    •  
  • 2126 E Fawn Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,852 Sqft ∙ Built 2000
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.08
    •  
  • 2323 E Branham Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,902 Sqft ∙ Built 2018
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jay Reynolds
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189470
Last Updated: 02/07/2021
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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