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25911 N 56th Drive Phoenix, AZ 85083

5 Beds 3 Baths 2,899 sqft Built 2006

$599,995

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $206.97
  • 5 Days on Market
  • MLS # : 6153777
  • Updated Date : 10/30/2020 at 17:10
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,899 sqft
  • Baths : 3 full
Listing Agent

Big Door Realty, Llc

Listing Agent's Description

Beautiful single level home located in a private and quiet cul-de-sac in a spectacular Stetson Valley Community. Beautiful Mountain Views right out your front door. Large home on a large lot next to the community park. Inside you will find classic white colors throughout with large open concepts and lots of windows for natural light. Open area Kitchen with Granite, Stainless Steal appliances, center island and plenty of cabinet space. Fireplace in LR. Absolutely stunning large master suite with large custom shower and free standing tub. New quartz counters, carpet, and paint inside and out. New water heater, newer AC unit and air handler. Amazing back yard with tranquil waterfall. Plenty of parking space with a 3 car garage and RV gate. This home will not last long, a must see and true gem

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k487k

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

Neighborhood: Stetson Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342160

* 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
Las Brisas Elementary School Primary Regular 834 44 8
Hillcrest Middle School Middle Regular 991 40 8
Sandra Day O'connor High School High Regular 2,481 108 6

Las Brisas Elementary School

  • Education Level: Primary
  • # of students: 834
  • # of teachers: 44
8
GreatSchools Rating

Hillcrest Middle School

  • Education Level: Middle
  • # of students: 991
  • # of teachers: 40
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$539,996$659,995$599,995

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$2,214
Property Tax -$359
Property Insurance -$84
HOA -$24
Property Management Fees -$99
CASH FLOW
-$590

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.

$599,995

PROJECTED PRICE

$2,190

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$164,749

INVESTMENT

$164,749

Down Payment
$149,999
Rehab Estimate
$5,750
Closing Costs
$9,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $149,999
Loan Amount $449,996
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$3,580

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,196

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1904$2,2505$2,250
$2,250
RENT COMPS ANALYSIS
  • 25911 N 56th Drive Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,899 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,899 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.76
    •  
  • 5523 W Andrea Drive Phoenix, AZ 1
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2007
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.71
    •  
  • 5165 W Quail Track Drive Phoenix, AZ 2
    • 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,697 Sqft ∙ Built 2012
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 25619 N 51st Drive Phoenix, AZ 4
    • 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,810 Sqft ∙ Built 2006
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 6334 W Briles Road Phoenix, AZ 5
    • 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1999 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 1999
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.74
    •  
PROPERTY LISTING DETAILS
Ana Rosa Garcia
Big Door Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153777
Last Updated: 10/30/2020
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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