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2549 W Royer Road 
Phoenix, AZ
85085
3 Beds 3 Baths 2,405 sqft
Built 2015
INVESTimate
$518,000
List Price
$143,020
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PROPERTY INFO
FACTS
- Built In 2015
- Price/Sqft : $215.38
- 2 Days on Market
- MLS # : 6122313
- Updated Date : 08/25/2020 at 11:42
CONSTRUCTION
- Beds : 3
- Floor Size : 2,405 sqft
- Baths : 2 full , 1 half
Listing Agent
Better Homes & Gardens Real Estate Move Time Realty
Listing Agent's Description
A great opportunity to own this amazing one level, move-in ready home in the desirable La Solana community where the owners thought of every detail! Enter through the private gated courtyard into this well designed, open floor plan featuring a large great room, 3 bedrooms & a den inside, and a refreshing pool surrounded by cooling foliage outside. Conveniently located next to the community path for those to enjoy a quick trip to shop at Fry's, grab a bite to eat or even a Starbucks! See the documents tab for floor plan, features & upgrades sheets.
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PRICE & RENT TRENDS
Neighborhood: La Solana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Solana
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,911 |
| Property Tax | -$310 | |
| Property Insurance | -$74 | |
| HOA | -$77 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
-$481
|
||
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.
$518,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.38%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.17% |
| Appreciation Year (1-5) | 4.16% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.60% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$143,020
LOAN DETAILS
$1,911
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $129,500 |
| Loan Amount | $388,500 |
1.33
YEARS SAVED
$3,663
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,026
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
-
2549 W Royer Road Phoenix, 2
- 3 beds 3 baths ∙ 2,405 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,405 Sqft ∙ Built 2015
- Rent
- Rent Per SQFT
- $1,990
- $0.83
-
2530 W Long Shadow Trail Phoenix, 1
- 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2005
LEASED 08/01/20- Rent
- Rent Per SQFT
- $1,900
- $0.81
-
31807 N 22nd Lane Phoenix, 3
- 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,352 Sqft ∙ Built 2003
LEASED 10/01/19- Rent
- Rent Per SQFT
- $1,995
- $0.85
-
2514 W Long Shadow Trail Phoenix, 4
- 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2005
LEASED 08/14/19- Rent
- Rent Per SQFT
- $2,000
- $0.85
-
2643 W Gray Wolf Trail Phoenix, 5
- 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,566 Sqft ∙ Built 2016
LEASED 06/15/20- Rent
- Rent Per SQFT
- $2,195
- $0.86
PROPERTY LISTING DETAILS
Better Homes & Gardens Real Estate Move Time Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6122313
Last Updated: 08/25/2020
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.
