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2434 W Horsetail Trail Phoenix, AZ 85085

4 Beds 3 Baths 2,882 sqft Built 2005

$535,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $185.63
  • 2 Days on Market
  • MLS # : 6187635
  • Updated Date : 01/30/2021 at 19:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,882 sqft
  • Baths : 3 full
Listing Agent

West Usa Realty

Listing Agent's Description

Gorgeous curb appeal for this 4 bed, 3 bath semi-custom home. Gated Community. Stunning chef's kitchen has custom cabinets, large island, granite counters, wine bar, china cabinet, electric cooktop, wall mount oven & microwave, and a pantry. Spacious open floor plan. Tile, carpet, and beautiful wood floors in all the right places. Wood Shutters. Home office. Formal living & dining. The primary bedroom has gorgeous dark wood floors, a stunning bath with a soaking tub, double vanity, separate shower and a walk-in closet. Sizable bedrooms have plush carpet & ceiling fans. The serene backyard is an entertainer's dream and has a covered patio, built-in BBQ with bar top, synthetic lawn. Close to shopping and the I-17. Make this your new home today.

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
 

$481,500$588,500$535,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,858
Property Tax -$320
Property Insurance -$83
HOA -$218
Property Management Fees -$99
CASH FLOW
-$279

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.

$535,000

PROJECTED PRICE

$2,300

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$147,525

INVESTMENT

$147,525

Down Payment
$133,750
Rehab Estimate
$5,750
Closing Costs
$8,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,858

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $133,750
Loan Amount $401,250
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$9,336

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,277

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,1503$2,2504$2,3005$2,400
$2,400
RENT COMPS ANALYSIS
  • 2434 W Horsetail Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,882 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,882 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 33718 N 24th Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,682 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.74
    •  
  • 33105 N 23rd Avenue Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,714 Sqft ∙ Built 2005
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 2934 W Laredo Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,764 Sqft ∙ Built 2017
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
  • 35210 N 26th Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,923 Sqft ∙ Built 2004
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.82
    •  
PROPERTY LISTING DETAILS
Randi L Stevenson
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187635
Last Updated: 01/30/2021
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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