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2714 W Ashurst Drive Phoenix, AZ 85045

3 Beds 3 Baths 2,548 sqft Built 2006

$699,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $274.33
  • 3 Days on Market
  • MLS # : 6196224
  • Updated Date : 02/19/2021 at 01:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,548 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty Sonoran Living

Listing Agent's Description

Gorgeous single level home nestled in The Foothills Reserve gated community!! Stunning mountain views in every direction! Gourmet kitchen offers Jenn-Air gas cook top, stainless steel appliances & two islands! This home offers plenty of dining options! Bar style seating at the kitchen island, perfect for morning coffee. The eat-in kitchen is a great for informal meals, & the large open dining room for more formal gatherings. Master suite has a separate sitting area & private exit to patio overlooking sparkling pebble tech pool with rock water feature. Backyard also includes travertine flooring, pergola, built-in BBQ & fridge & stone fireplace seating area. You are surrounded by South Mountain Preserve for year round hiking & mountain biking! Kyrene Schools & Desert Vista High!

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
 

$629,100$768,900$699,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$2,428
Property Tax -$498
Property Insurance -$77
HOA -$108
Property Management Fees -$99
CASH FLOW
-$799

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.

$699,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.34%

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$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$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$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$190,985

INVESTMENT

$190,985

Down Payment
$174,750
Rehab Estimate
$5,750
Closing Costs
$10,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,428

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $174,750
Loan Amount $524,250
See What Happens When You Reinvest Cash Flow

0.33

YEARS SAVED

$593

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
  • $2,045

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,9754$1,9955$2,395
$2,395
RENT COMPS ANALYSIS
  • 2714 W Ashurst Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,548 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16201 S 17th Drive Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,364 Sqft ∙ Built 1999
    property image
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 1851 W Hiddenview Drive Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,532 Sqft ∙ Built 1998
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 2942 W Silver Fox Way Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,531 Sqft ∙ Built 2003
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.79
    •  
  • 16650 S 27th Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,651 Sqft ∙ Built 2004
    property image
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.90
    •  
PROPERTY LISTING DETAILS
Kevin Houston
Keller Williams Realty Sonoran Living
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6196224
Last Updated: 02/19/2021
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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