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2463 E Rocky Slope Drive Phoenix, AZ 85048

4 Beds 3 Baths 2,651 sqft Built 1989

$525,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $198.04
  • 2 Days on Market
  • MLS # : 6160671
  • Updated Date : 11/14/2020 at 12:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,651 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

This is the one you've been waiting for! Fabulous single level, split bedroom home in popular Crystal Canyon area of Mountain Park Ranch with a spacious yard and fenced pool/water feature. 4 BR split plan + bonus room, 2020 HVAC system, kitchen/baths remodeled with granite, gorgeous custom walk-in master shower, newer water heater & whole-house filtration. Impressive entry branches off to laundry, bonus and garage wing, bedroom wing, formal dining to open kitchen and family rm w/fireplace or multi-use living rm space to master bedroom suite. Mountain views right down the street - fabulous location in the best valued HOA around.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Crystal Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450k500k550k600k650k700k750kPrice in $91k784k

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

Neighborhood: Crystal Canyon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400260028003000320034003600Rent in $9343693

* 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
Kyrene Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,937
Property Tax -$381
Property Insurance -$79
HOA -$4
Property Management Fees -$99
CASH FLOW
-$210

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$525,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 4.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$20k

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$17,247

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,353

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2903$2,3004$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 2463 E Rocky Slope Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.86
    •  
  • 2310 E Desert Trumpet Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,556 Sqft ∙ Built 1990
    LEASED 10/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.86
    •  
  • 2547 E Taxidea Way Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 2724 E Mountain Sky Avenue Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 2037 E Indigo Brush Road Phoenix, AZ 5
    • 3 beds 3 baths ∙ 2,797 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,797 Sqft ∙ Built 1993
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
PROPERTY LISTING DETAILS
Lauren Sato
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160671
Last Updated: 11/14/2020
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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