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2637 E Marilyn Road Phoenix, AZ 85032

3 Beds 2 Baths 1,594 sqft Built 1980

$350,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $219.57
  • 2 Days on Market
  • MLS # : 6179059
  • Updated Date : 01/16/2021 at 02:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,594 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Fantastic opportunity to own this 3bed/2bath home tucked into highly desirable North Phoenix steps from The Preserve at Shadow Mountain for amazing hiking and biking trails. This gem features great curb appeal leading into the light and bright updated interior with wood look flooring, charming fireplace and a fluid open floor plan. Kitchen boasts stainless steel appliances, granite counter tops and a plethora gorgeous dark wood cabinetry. Lovely master retreat includes private en suite with dual sinks, soaking tub and separate oversized glass framed shower. Enjoy the expansive low maintenance backyard with covered patio, ready for all your personal touches. Do not miss out. Schedule your private showing today!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

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
Palomino Intermediate School Primary Regular 499 25 2
Greenway Middle School Middle Regular 518 26 2
North Canyon High School High Regular 1,957 86 4

Palomino Intermediate School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 25
2
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

North Canyon High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 86
4
GreatSchools Rating
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$1,216
Property Tax -$220
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
-$123

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.

$350,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,890

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,526

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,4704$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 2637 E Marilyn Road Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.92
    •  
  • 2351 E Evans Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1992
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 2348 E Gelding Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 1992
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 2451 E Blanche Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 2929 E Eberle Lane Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,670 Sqft ∙ Built 1971
    LEASED 12/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Torie Ellens
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6179059
Last Updated: 01/16/2021
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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