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2542 W Perola Drive Phoenix, AZ 85085

5 Beds 3 Baths 2,121 sqft Built 2017

$449,999

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $212.16
  • 1 Days on Market
  • MLS # : 6178421
  • Updated Date : 01/10/2021 at 03:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,121 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Amazing 5 bedroom 3 bathroom single story home in the North Gateway, Sonoran Commons. This home boasts a great room floor plan that everyone loves. Wide plank tile, 8 ft doors and plantation shutters t/o. Upgraded AC and Insualation average electric $105. Bedrooms are split with 2 at the front of home and 3 in the back. Upgraded kitchen with island for prep & breakfast bar, upgraded SS appliances, staggered cabinets, and tile back-splash. You can entertain your guests in the great room while creating culinary dishes in the kitchen! Master suite offers sliding doors to the backyard and a beautiful master bath. The master bath comes with double sinks, a separate tub/shower, and a spacious walk-in closet. Relax under the covered patio while gazing at your desert landscaping. Call now for apt

SEE MORE

PRICE & RENT TRENDS

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k395k

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

Neighborhood: North Gateway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342120

* 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
Sonoran Foothills School Primary Regular NA
Sonoran Foothills School Middle Regular NA
Barry Goldwater High School High Regular 1,856 88 4

Sonoran Foothills School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Sonoran Foothills School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$404,999$494,999$449,999

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,563
Property Tax -$273
Property Insurance -$69
HOA -$75
Property Management Fees -$99
CASH FLOW
-$68

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.

$449,999

PROJECTED PRICE

$2,010

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.3%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,499
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,353

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
  • $1,946

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,6753$1,8954$1,8995$2,050
$2,050
RENT COMPS ANALYSIS
  • 2542 W Perola Drive Phoenix, AZ 1
    • 5 beds 3 baths ∙ 2,121 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,121 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 29210 N 22nd Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,782 Sqft ∙ Built 2005
    LEASED 10/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.94
    •  
  • 2408 W Steed Ridge -- Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,113 Sqft ∙ Built 2006
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 29314 N 24th Lane Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 2006
    LEASED 09/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.88
    •  
  • 32112 N 23rd Avenue Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,162 Sqft ∙ Built 2004
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.95
    •  
PROPERTY LISTING DETAILS
April M Taylor
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6178421
Last Updated: 01/10/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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