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2420 W Kachina Trail Phoenix, AZ 85041

4 Beds 3 Baths 3,589 sqft Built 2008

$435,000

List Price

$2,530

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $121.20
  • 6 Days on Market
  • MLS # : 6153484
  • Updated Date : 10/29/2020 at 14:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,589 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Shows like a model! GATED community! OWNED solar! MOUNTAIN VIEWS! When you enter, you will notice the wide hallways and view directly to the back. Once you pass the dining room it opens up to a huge entertaining area with soaring ceilings and windows throughout. Kitchen has beautiful dark GRANITE counters and staggered Walnut cabinets, updated GAS stovetop, HUGE walk-in pantry. Beautiful gas fireplace and custom bar area in main family room. Master bedroom is located downstairs and has a LARGE walk-in closet & separate tub/shower with a private door to the back patio. There are three more bedrooms upstairs and an OVERSIZED loft area for entertaining. The upstairs loft also has a balcony for enjoying the fantastic sunset/sunrise views! Backyard also has synthetic grass and small dog run!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k383k

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

Neighborhood: Southern Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341999

* 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
Southwest Elementary School Primary Regular 499 26 2
Southwest Elementary School Middle Regular 499 26 2
Cesar Chavez High School High Regular 2,575 131 3

Southwest Elementary School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Southwest Elementary School

  • Education Level: Middle
  • # of students: 499
  • # of teachers: 26
2
GreatSchools Rating

Cesar Chavez High School

  • Education Level: High
  • # of students: 2,575
  • # of teachers: 131
3
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,277$2,783$2,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,530
EXPENSES Loan Payment -$1,605
Property Tax -$283
Property Insurance -$97
HOA -$26
Property Management Fees -$99
CASH FLOW
$420

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.

$435,000

PROJECTED PRICE

$2,530

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 3.9%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k

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$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$1,605

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

10.58

YEARS SAVED

$80,968

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
  • $2,847

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9953$2,7754$3,100
$3,100
RENT COMPS ANALYSIS
  • 2420 W Kachina Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 2008 4 beds 3 baths ∙ 3,589 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7418 S 25th Lane Phoenix, AZ 2
    • 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2005 4 beds 3 baths ∙ 3,399 Sqft ∙ Built 2005
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.59
    •  
  • 1525 W Capistrano Avenue Phoenix, AZ 3
    • 3 beds 3 baths ∙ 3,284 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,284 Sqft ∙ Built 2005
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,775
    • $0.85
    •  
  • 1731 W Steinway Drive Phoenix, AZ 4
    • 3 beds 4 baths ∙ 3,284 Sqft ∙ Built 2006 3 beds 4 baths ∙ 3,284 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,100
    • $0.94
    •  
PROPERTY LISTING DETAILS
James Jones
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153484
Last Updated: 10/29/2020
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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