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2336 W White Feather Lane Phoenix, AZ 85085

4 Beds 3 Baths 2,192 sqft Built 2002

$375,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $171.08
  • 4 Days on Market
  • MLS # : 6174275
  • Updated Date : 12/26/2020 at 11:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,192 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome home! This bright and beautiful home has been well maintained and is ready for it's newest owner to call it their own! Located just minutes from Norterra shopping dining and entertainment and convenient access to the freeway. Inside you'll find a clean, cozy and home with space that will surely meet your family's needs. Featuring a formal living room, large kitchen with ample storage, a loft living space that is perfect for a play room or an office, and spacious bedrooms. The Master suite offers tons of natural light, dual sinks, separate shower and tub, huge walk-in closet and private toilet room. The backyard is perfect for the family with easy to maintain landscaping and large covered patio for plenty of shade. Do not miss the chance to call this house your home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Norterra Canyon School Primary Regular 1,164 59 8
Norterra Canyon School Middle Regular 1,164 59 8
Barry Goldwater High School High Regular 1,856 88 4

Norterra Canyon School

  • Education Level: Primary
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Norterra Canyon School

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 59
8
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,384
Property Tax -$224
Property Insurance -$70
HOA -$15
Property Management Fees -$99
CASH FLOW
$28

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.

$375,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$30,798

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
  • $1,814

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7954$1,8255$1,925
$1,925
RENT COMPS ANALYSIS
  • 2336 W White Feather Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 28008 N 23rd Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 2411 W Via Dona Road Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.80
    •  
  • 27917 N 23rd Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2002
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $0.83
    •  
  • 28101 N 23rd Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,192 Sqft ∙ Built 2001
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.88
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174275
Last Updated: 12/26/2020
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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