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2637 W Coyote Creek Court Phoenix, AZ 85086

4 Beds 3 Baths 2,120 sqft Built 2003

$475,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $224.06
  • 2 Days on Market
  • MLS # : 6209544
  • Updated Date : 03/20/2021 at 07:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,120 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Stunning single level home in Parkside with a resort style back yard and 3 full size garage bays. The interior has been remodeled throughout with upgraded flooring, recessed lighting, 3 gorgeous bathrooms with granite counters, tile shower surrounds in all three bathrooms and tile back splash. The kitchen and living areas having a very open feel perfect for entertaining and feature a newly added see through gas fireplace, kitchen island with granite counters, refinished kitchen cabinetry, complimenting back splash, and stainless steel appliances. The back yard is extremely private with only one neighbor, full length pool with a cascading water feature and two gas firepits, paver decking, gas firepit for relaxing and covered patio. This home must be seen to be appreciated.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Anthem

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342155

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

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

$427,500$522,500$475,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,650
Property Tax -$424
Property Insurance -$69
HOA -$28
Property Management Fees -$99
CASH FLOW
-$229

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.

$475,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,625

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,887

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5753$1,8004$2,0405$2,350
$2,350
RENT COMPS ANALYSIS
  • 2637 W Coyote Creek Court Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.96
    •  
  • 2603 W Bisbee Way Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 39722 N Cross Timbers Way Anthem, AZ 2
    • 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,827 Sqft ∙ Built 2003
    property image
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.86
    •  
  • 39726 N Harbour Town Way Anthem, AZ 3
    • 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 40601 N Republic Way Anthem, AZ 5
    • 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1999
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert Douglas Green
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6209544
Last Updated: 03/20/2021
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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