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2318 E Yucca Street Phoenix, AZ 85028

3 Beds 2 Baths 1,926 sqft Built 1978

$575,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1978
  • Price/Sqft : $298.55
  • 3 Days on Market
  • MLS # : 6157299
  • Updated Date : 11/06/2020 at 14:28
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,926 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Phoenix Mountain Preserve views surround this single level home, located on a cul-de-sac & huge elevated lot! Recent upgrades include full kitchen & bath remodels, flooring (plank tile & carpet), interior paint, shutters & more. Specifically in the kitchen, you'll love the raised ceiling, stainless steel appliances, granite countertops & backsplash. The covered patio, fountain, play pool & spa (not heated) are fabulous plus the huge yard & those mountain views! Additional perks include new pool equipment & pump, resurfaced pool, all new plumbing & electrical in kitchen & baths, dual pane windows, exterior trim paint & updated landscaping. You will love the proximity to restaurants, cool coffee houses, shopping & freeway access. You can also walk to nearby hiking trails & Christy Cove Park.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Vista

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $91k436k

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

Neighborhood: Desert Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342290

* 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
Mercury Mine Elementary School Primary Regular 546 27 8
Mercury Mine Elementary School Middle Regular 546 27 8
Shadow Mountain High School High Regular 1,390 67 3

Mercury Mine Elementary School

  • Education Level: Primary
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Mercury Mine Elementary School

  • Education Level: Middle
  • # of students: 546
  • # of teachers: 27
8
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$517,500$632,500$575,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$2,122
Property Tax -$362
Property Insurance -$65
Property Management Fees -$99
CASH FLOW
-$617

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.

$575,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.2%
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$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.6M

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 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,122

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 $431,250
See What Happens When You Reinvest Cash Flow

0.75

YEARS SAVED

$2,157

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $1.14

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,0303$2,2004$2,4195$2,500
$2,500
RENT COMPS ANALYSIS
  • 2318 E Yucca Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,926 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $1.05
    •  
  • 2606 E Yucca Street Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,980 Sqft ∙ Built 1973
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 2410 E Sahuaro Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1974
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.18
    •  
  • 2614 E Sahuaro Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,917 Sqft ∙ Built 1973
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,419
    • $1.26
    •  
  • 2318 E Cortez Street Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1978 4 beds 2 baths ∙ 2,058 Sqft ∙ Built 1978
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.21
    •  
PROPERTY LISTING DETAILS
Holly Henbest
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6157299
Last Updated: 11/06/2020
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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