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2434 E Fremont Road Phoenix, AZ 85042

5 Beds 3 Baths 3,098 sqft Built 2001

$539,000

List Price

$2,680

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $173.98
  • 2 Days on Market
  • MLS # : 6170692
  • Updated Date : 12/12/2020 at 15:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,098 sqft
  • Baths : 3 full
Listing Agent

Naylor Business Brokers Llc

Listing Agent's Description

Great location on the golf course with views of the mountains. Gated community 15 minutes to airport and downtown Phoenix. Pebbletec pool with built in outdoor cooking area and putting course. Downstairs bedroom, bath and walkin closet. Plantation shutters, granite counters and massive great room. Wood floors upstairs bedrooms and family room. This great home won't last!!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Fairways at the Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k359k

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

Neighborhood: Fairways at the Legacy

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
T.g. Barr School Primary Regular 516 29 2
T.g. Barr School Middle Regular 516 29 2
South Mountain High School High Regular 1,706 102 2

T.g. Barr School

  • Education Level: Primary
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

T.g. Barr School

  • Education Level: Middle
  • # of students: 516
  • # of teachers: 29
2
GreatSchools Rating

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating
 

$485,100$592,900$539,000

PURCHASE PRICE

$2,412$2,948$2,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,680
EXPENSES Loan Payment -$1,989
Property Tax -$350
Property Insurance -$88
HOA -$115
Property Management Fees -$99
CASH FLOW
$39

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.

$539,000

PROJECTED PRICE

$2,680

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 8.1%
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$25k

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$148,585

INVESTMENT

$148,585

Down Payment
$134,750
Rehab Estimate
$5,750
Closing Costs
$8,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,989

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $134,750
Loan Amount $404,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$39,395

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
  • $2,850

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,5994$2,7505$2,795
$2,795
RENT COMPS ANALYSIS
  • 2434 E Fremont Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2001 4 beds 3 baths ∙ 3,098 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7921 S 24th Way Phoenix, AZ 2
    • 5 beds 4 baths ∙ 2,917 Sqft ∙ Built 2018 5 beds 4 baths ∙ 2,917 Sqft ∙ Built 2018
    property image
    LEASED 07/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
  • 2729 E Dunbar Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2017 5 beds 3 baths ∙ 3,019 Sqft ∙ Built 2017
    property image
    LEASED 08/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,599
    • $0.86
    •  
  • 2454 E Glass Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,836 Sqft ∙ Built 2001
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.97
    •  
  • 2445 E Darrel Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,836 Sqft ∙ Built 2000
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jackie Bertsch
Naylor Business Brokers Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6170692
Last Updated: 12/12/2020
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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