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2419 E John Cabot Road Phoenix, AZ 85032

3 Beds 2 Baths 1,670 sqft Built 1986

$349,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $209.52
  • 2 Days on Market
  • MLS # : 6190652
  • Updated Date : 02/05/2021 at 23:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,670 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Beautiful and unique remodel in a sough after North Phoenix location. This spacious 3 bedroom 2 bath home has gone through a complete makeover. Tastefully modernized home and one of the few of its kind in the area. This home has a brand new roof, New AC, New patio, new windows and doors, new kitchen cabinets, quartz counters, new stainless stove/microwave, new floors, new paint, new modern front landscaping and the list goes on. Functional and spacious floorplan with a family room plus living room, large patio, large laundry/storage room, wood look tile in all traffic areas and upgraded splash proof laminate floors in bedrooms. Lots of LED lighting throughout home, large backyard with storage shed, 2 gates to back, room in front to park a small trailer or boat. This home is a must see!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Pepper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Pepper Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8351567

* 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
Vista Verde Middle School Middle Regular 637 31 4
North Canyon High School High Regular 1,957 86 4

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,215
Property Tax -$220
Property Insurance -$60
Property Management Fees -$99
CASH FLOW
-$84

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

$1,510

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 9.0%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,474

INVESTMENT

$98,474

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

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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

4.33

YEARS SAVED

$14,654

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,510
1$1,5102$1,5453$1,6454$1,7955$1,950
$1,950
RENT COMPS ANALYSIS
  • 2419 E John Cabot Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.90
    •  
  • 2632 E Libby Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,692 Sqft ∙ Built 1980
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.91
    •  
  • 2505 E Michigan Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1982
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.91
    •  
  • 17317 N 22nd Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2003
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.10
    •  
  • 2614 E Villa Theresa Drive Phoenix, AZ 5
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1984
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.09
    •  
PROPERTY LISTING DETAILS
Oggy Karchev
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190652
Last Updated: 02/05/2021
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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