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2338 E Pecan Road Phoenix, AZ 85040

3 Beds 3 Baths 1,932 sqft Built 2006

$350,000

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $181.16
  • 2 Days on Market
  • MLS # : 6212752
  • Updated Date : 03/26/2021 at 18:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,932 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty

Listing Agent's Description

Captivating 3 bed, 2.5 bath + den + loft home for sale in Phoenix. Tree-lined streets + walking paths, parks + sport courts, putt golf, playgrounds, 2 pools & bbq areas + neighborhood security & more. 2 car garage, and stone accents on the facade. Bright & light interior offering an open living area, neutral paint throughout, tile flooring in main areas, nice downstairs den fit for an office, generously proportioned bedrooms, Impressive eat-in kitchen includes black appliances, recessed lighting, ample cabinetry, & granite countertops. Master bedroom w/full bathroom w/shower & tub combo, double-sink vanity, and walk-in closet. Easy maintenance backyard with brick pavers. Central location close to Sky Harbor, picturesque S. Mountain hiking, golf, freeways & ASU & downtown Phoenix

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 Unknown NA
Phoenix Coding Academy High Regular 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,216
Property Tax -$228
Property Insurance -$65
HOA -$143
Property Management Fees -$99
CASH FLOW
-$180

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.

$350,000

PROJECTED PRICE

$1,570

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$6,789

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,570
1$1,5702$1,6503$1,6754$1,7255$1,890
$1,890
RENT COMPS ANALYSIS
  • 2338 E Pecan Road Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,932 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.81
    •  
  • 1918 E Vineyard Road Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,867 Sqft ∙ Built 1999
    LEASED 08/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 1712 E Grove Street Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 2017
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.93
    •  
  • 2310 E Wood Street Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 2017
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.90
    •  
  • 2307 E Sunland Avenue Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,085 Sqft ∙ Built 2006
    LEASED 03/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christopher Bole
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212752
Last Updated: 03/26/2021
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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