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2410 W Horsetail Trail Phoenix, AZ 85085

4 Beds 3 Baths 4,242 sqft Built 2004

$610,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $143.80
  • 3 Days on Market
  • MLS # : 6196555
  • Updated Date : 02/20/2021 at 03:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,242 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lake Pleasant Real Estate

Listing Agent's Description

Welcome to Sonoran Foothills! This gated master planned community part of the growing North Phoenix enclave nestled at the base of Dixie Mountain and Sonoran Preserve. This spacious home has everything you're looking for and more. Tall ceilings, hardwood floors, dining room with butlers pantry, open concept family room, two wet bars and game room downstairs. Upstairs find a lovely owners retreat with cozy fireplace and sitting area and a bath that is both beautiful and functional with separate shower, roman tub, and separate vanities. Oversized secondary bedrooms and loft with French doors double as that perfect home office or den. Beautiful backyard oasis with sparkling pool showcasing in-pool table and umbrella for those sunny Arizona days, extended paver patio and artificial turf.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500kPrice in $91k546k

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

Neighborhood: Sonoran Foothills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342561

* 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
Barry Goldwater High School High Regular 1,856 88 4

Barry Goldwater High School

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

$549,000$671,000$610,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$2,119
Property Tax -$365
Property Insurance -$110
HOA -$73
Property Management Fees -$99
CASH FLOW
-$125

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.

$610,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.4%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$23,893

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $0.62

    LIST RENT PER SQFT
  • $2,969

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$2,640
1$2,6402$2,7953$2,8004$3,2955$3,400
$3,400
RENT COMPS ANALYSIS
  • 2410 W Horsetail Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 4,242 Sqft ∙ Built 2004 4 beds 3 baths ∙ 4,242 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $0.62
    •  
  • 33817 N 23rd Drive Phoenix, AZ 2
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.63
    •  
  • 2433 W Horsetail Trail Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,402 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,402 Sqft ∙ Built 2005
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.64
    •  
  • 32652 N 24th Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 4,242 Sqft ∙ Built 2005 4 beds 3 baths ∙ 4,242 Sqft ∙ Built 2005
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,295
    • $0.78
    •  
  • 32005 N 16th Avenue Phoenix, AZ 5
    • 5 beds 4 baths ∙ 4,538 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,538 Sqft ∙ Built 2006
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,400
    • $0.75
    •  
PROPERTY LISTING DETAILS
Michelle Spalding
Lake Pleasant Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196555
Last Updated: 02/20/2021
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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