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2702 W Amberwood Drive Phoenix, AZ 85045

4 Beds 3 Baths 3,058 sqft Built 2006

$784,500

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $256.54
  • 4 Days on Market
  • MLS # : 6183647
  • Updated Date : 01/21/2021 at 04:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,058 sqft
  • Baths : 3 full
Listing Agent

Russ Lyon Sotheby's International Realty

Listing Agent's Description

EXTRAORDINARY Location In This Quiet, GATED Community On One Of The BEST Cul-De-Sac Lots In The Subdivision*Over 1/3 ACRE Lot That SIDES and BACKS To South Mountain PRESERVE!! INSPIRING VIEWS In Every Direction*HIKING Right Out Your Door*This Home Is Made For ENTERTAINING & Enjoying The ARIZONA Lifestyle*Sparkling POOL Was Built in 2013*Enjoy Your Own CANTINA W/Blt-In BBQ & Refrig*FIREPIT Area*Come Inside To Appreciate The OPEN Floor Plan*Formal Rooms*Huge ISLAND Kitchen Is Culinary Dream-UPGRADED Espresso Cabinets,GRANITE Counters,BUILT-IN Appliances*Cozy FIREPLACE In Fam Room Adjacent To Kitchen*Master SPLIT+UPDATED Bath--Granite Tops/VESSEL Sinks,Glass Block Shower,HUGE Walk-In Closet*Plenty Of TILE Flooring*SHUTTERS T/O*Jack-N-Jill Bath*Desirable Schools*A GREAT PLACE To Call Home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k476k

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

Neighborhood: Foothills Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9342285

* 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
Kyrene De Los Cerritos Leadership Academy Primary Regular 531 32 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene De Los Cerritos Leadership Academy

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 32
10
GreatSchools Rating

Kyrene Altadena Middle School

  • Education Level: Middle
  • # of students: 1,065
  • # of teachers: 52
9
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$706,050$862,950$784,500

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$2,725
Property Tax -$558
Property Insurance -$87
HOA -$108
Property Management Fees -$99
CASH FLOW
-$1,077

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.

$784,500

PROJECTED PRICE

$2,500

PROJECTED RENT

0.32%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.4%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$213,643

INVESTMENT

$213,643

Down Payment
$196,125
Rehab Estimate
$5,750
Closing Costs
$11,768

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,725

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $196,125
Loan Amount $588,375
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$85

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,186

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,2004$2,2505$2,400
$2,400
RENT COMPS ANALYSIS
  • 2702 W Amberwood Drive Phoenix, AZ 1
    • 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,058 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16646 S 27th Avenue Phoenix, AZ 2
    • 4 beds 4 baths ∙ 3,125 Sqft ∙ Built 2004 4 beds 4 baths ∙ 3,125 Sqft ∙ Built 2004
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.67
    •  
  • 2743 W Cottonwood Lane Phoenix, AZ 3
    • 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2003 4 beds 3 baths ∙ 3,150 Sqft ∙ Built 2003
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 1730 W Lacewood Place Phoenix, AZ 4
    • 5 beds 3 baths ∙ 2,904 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,904 Sqft ∙ Built 2016
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.77
    •  
  • 16843 S Coleman Street Phoenix, AZ 5
    • 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2003 4 beds 4 baths ∙ 3,331 Sqft ∙ Built 2003
    LEASED 06/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.72
    •  
PROPERTY LISTING DETAILS
Susan Lewis
Russ Lyon Sotheby's International Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6183647
Last Updated: 01/21/2021
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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