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2327 W Port Royale Lane Phoenix, AZ 85023

4 Beds 2 Baths 1,656 sqft Built 1974

$349,900

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $211.29
  • 5 Days on Market
  • MLS # : 6180438
  • Updated Date : 01/15/2021 at 15:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,656 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful one-story, 4 bedroom, 2 bath, home situated on a large lot. Great curb appeal, smooth stucco, new garage door, easy care front yard. Inside you will find a comfortable living room with vaulted ceilings, cozy gas fireplace, and beautiful white shutters. Gorgeous updated kitchen with newer cabinets, granite counters, stainless appliances, pendant & can lighting. The windows have been replaced along with the roof (2012), water heater, pool pump and salt system (2020). Neutral tile flooring in the high traffic areas. Both baths have been updated with tile, vanities, and granite. Master bedroom has an arcadia door to a huge covered patio, sparkling pool & spa. The large yard is perfect for entertaining! A combo of grass, cool deck, and pavers. Convenient location close to the I-17.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Creek Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $86k271k

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

Neighborhood: Canyon Creek Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
John Jacobs Elementary School Primary Regular 552 34 6
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

John Jacobs Elementary School

  • Education Level: Primary
  • # of students: 552
  • # of teachers: 34
6
GreatSchools Rating

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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,215
Property Tax -$209
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
$7

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.

$349,900

PROJECTED PRICE

$1,590

PROJECTED RENT

0.45%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,5453$1,5904$1,5955$1,800
$1,800
RENT COMPS ANALYSIS
  • 2327 W Port Royale Lane Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,656 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.96
    •  
  • 16029 N 25th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1974 4 beds 3 baths ∙ 1,584 Sqft ∙ Built 1974
    LEASED 03/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.88
    •  
  • 15033 N 30th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1970
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.89
    •  
  • 16022 N 30th Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,571 Sqft ∙ Built 1982
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.02
    •  
  • 2150 W Eugie Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,823 Sqft ∙ Built 1970
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
PROPERTY LISTING DETAILS
Denise Caldwell
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6180438
Last Updated: 01/15/2021
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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