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2434 W Jake Haven Phoenix, AZ 85085

3 Beds 3 Baths 1,519 sqft Built 2004

$310,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $204.08
  • 3 Days on Market
  • MLS # : 6207683
  • Updated Date : 03/19/2021 at 07:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,519 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ironwood Fine Properties

Listing Agent's Description

IMMACULATE PATIO HOME IN SONORAN FOOTHILLS!! Do not miss this beautiful William Lyons home with tons of amenities for all ages and interests. This home boasts its own paver driveway and sits on a prime corner lot within a secluded gated community that is walking/biking distance to Sonoran Foothills K-8 school. This property sits right next to 2 large and very well-maintained grass areas, and is within walking distance of community pools, hot tub, playground, splash pad, and sports fields. This gorgeous community backs up to the Phoenix Sonoran Preserve and Apache Wash trail head for miles of hiking and biking trails.

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
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,077
Property Tax -$186
Property Insurance -$57
HOA -$207
Property Management Fees -$99
CASH FLOW
-$175

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.

$310,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.47%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$4,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,584

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,5953$1,6254$1,6505$1,695
$1,695
RENT COMPS ANALYSIS
  • 2434 W Jake Haven Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,519 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,519 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.95
    •  
  • 2531 W Preserve Way Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,432 Sqft ∙ Built 2004
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.11
    •  
  • 2577 W Brilliant Sky Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.00
    •  
  • 2564 W Amber Sun Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
  • 34026 N 26th Avenue N Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 2004
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
PROPERTY LISTING DETAILS
Kory Gilliland
Ironwood Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207683
Last Updated: 03/19/2021
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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