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2575 W Amber Sun Drive Phoenix, AZ 85085

4 Beds 3 Baths 2,348 sqft Built 2004

$375,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $159.71
  • 3 Days on Market
  • MLS # : 6199739
  • Updated Date : 02/27/2021 at 01:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,348 sqft
  • Baths : 2 full , 1 half
Listing Agent

Highland Real Estate

Listing Agent's Description

Beautiful home located in desirable Carefree Crossing subdivision. This home features 4 bedroom and 2.5 baths, tile in the main living space and carpet in the bedrooms, recessed lighting, large bedrooms & big loft, and ceiling fans throughout. Eat-in Kitchen offers plenty of cabinet and counter space, breakfast bar, stainless steel appliances and big pantry. Master bedroom has big bathroom and walk-in closet. Wonderful backyard has easy to maintain landscaping, built in BBQ, Fire pit, grassy play area, and covered patio. Corner lot with North/ South exposure. Home is located close to Shopping & dining, hiking, and freeway access

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Carefree Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k376k

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

Neighborhood: Carefree Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,303
Property Tax -$224
Property Insurance -$73
HOA -$15
Property Management Fees -$99
CASH FLOW
$116

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.

$375,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.4%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,303

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$31,571

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,990

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8303$1,8854$1,9005$2,300
$2,300
RENT COMPS ANALYSIS
  • 2575 W Amber Sun Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,348 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.78
    •  
  • 2565 W Woburn Lane Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004 3 beds 3 baths ∙ 2,102 Sqft ∙ Built 2004
    property image
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 3030 W Via De Pedro Miguel -- Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,258 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,258 Sqft ∙ Built 2004
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.83
    •  
  • 2530 W Long Shadow Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,349 Sqft ∙ Built 2005
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 2740 W Florimond Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,508 Sqft ∙ Built 2003
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Phillip Geretti
Highland Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6199739
Last Updated: 02/27/2021
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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