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2316 W Corral Road Phoenix, AZ 85041

4 Beds 4 Baths 2,719 sqft Built 2010

$408,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $150.39
  • 2 Days on Market
  • MLS # : 6179040
  • Updated Date : 01/09/2021 at 16:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,719 sqft
  • Baths : 3 full , 1 half
Listing Agent

Better Homes And Gardens Real Estate Bloomtree Realty

Listing Agent's Description

Don't miss this lovely, immaculate home in the gated subdivision of Southern Highlands. From the front yard there are gorgeous views of South Mountain and from the backyard, you have privacy and subtle views of the hills in the distance. This split floor plan home has 4 spacious bedrooms, plus an office, formal dining room and huge great room. High ceilings in the home and lots of natural light throughout. Wonderful flooring throughout. Carpet in a few bedrooms, upgraded diagonally laid tile in the great room and halls and some engineered wood in the master. The well appointed kitchen has granite countertops, lots of storage, and extended built-in hutch and a walk in pantry. The fourth bedroom is separated from the other and has its own bath.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k383k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341999

* 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
Southwest Elementary School Primary Regular 499 26 2
Southwest Elementary School Middle Regular 499 26 2
Cesar Chavez High School High Regular 2,575 131 3

Southwest Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Southwest Elementary School

  • Education Level: Middle
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$368,010$449,790$408,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,420
Property Tax -$266
Property Insurance -$80
HOA -$26
Property Management Fees -$99
CASH FLOW
$88

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.

$408,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$114,109

INVESTMENT

$114,109

Down Payment
$102,225
Rehab Estimate
$5,750
Closing Costs
$6,134

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,225
Loan Amount $306,675
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,371

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
  • $2,060

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7953$1,9004$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 2316 W Corral Road Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3411 W Hayduk Road Laveen, AZ 2
    • 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.73
    •  
  • 2116 W Fawn Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 2417 W Kachina Trail Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,719 Sqft ∙ Built 2007
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.72
    •  
  • 7746 S 22nd Lane Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,628 Sqft ∙ Built 2004
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
PROPERTY LISTING DETAILS
Ronald Debenedetta
Better Homes And Gardens Real Estate Bloomtree Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179040
Last Updated: 01/09/2021
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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