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2416 W Bajada Road Phoenix, AZ 85085

5 Beds 4 Baths 4,464 sqft Built 2005

$689,000

List Price

$2,800

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $154.35
  • 39 Days on Market
  • MLS # : 6143680
  • Updated Date : 11/13/2020 at 22:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,464 sqft
  • Baths : 3 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

This amazing large luxurious home in beautiful Norterra has it all! Spectacular 12,000 sq ft lot north backyard on a cul-de-sac. Resort style yard has a full length covered patio and beautiful sparkling pool perfect for those hot AZ summers! Inside, walk through the front door and you are greeted with dramatic high ceilings and stunning travertine floors throughout. Chefs kitchen overlooks the large family room with great views of the pool. Full en-suite guest room downstairs perfect for visitors. Upstairs there are 4 more large bedrooms plus a loft. The master has a spa like bathroom with a tub perfect for relaxing. Brand new exterior paint! To much to list in this beauty. Must See!!

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
 

$620,100$757,900$689,000

PURCHASE PRICE

$2,520$3,080$2,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,800
EXPENSES Loan Payment -$2,542
Property Tax -$412
Property Insurance -$114
HOA -$20
Property Management Fees -$99
CASH FLOW
-$388

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.

$689,000

PROJECTED PRICE

$2,800

PROJECTED RENT

0.41%

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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$188,335

INVESTMENT

$188,335

Down Payment
$172,250
Rehab Estimate
$5,750
Closing Costs
$10,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,542

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $172,250
Loan Amount $516,750
See What Happens When You Reinvest Cash Flow

2.92

YEARS SAVED

$18,860

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,800

    LIST RENT
  • $0.63

    LIST RENT PER SQFT
  • $2,812

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,8003$3,300
$3,300
RENT COMPS ANALYSIS
  • 2416 W Bajada Road Phoenix, AZ 2
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.63
    •  
  • 1921 W Morning Vista Lane Phoenix, AZ 1
    • 5 beds 4 baths ∙ 4,204 Sqft ∙ Built 2006 5 beds 4 baths ∙ 4,204 Sqft ∙ Built 2006
    LEASED 06/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.52
    •  
  • 2014 W Quail Track Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2008 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2008
    LEASED 08/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $0.74
    •  
PROPERTY LISTING DETAILS
Nick Arekat
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6143680
Last Updated: 11/13/2020
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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