Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2724 E Mountain Sky Avenue Phoenix, AZ 85048

4 Beds 3 Baths 2,799 sqft Built 1990

$540,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $192.93
  • 8 Days on Market
  • MLS # : 6207107
  • Updated Date : 03/20/2021 at 16:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,799 sqft
  • Baths : 3 full
Listing Agent

Precision Real Estate

Listing Agent's Description

Gorgeous 4bdrm/3 bath home in the Ahwatukee Foothills community of Mountain Park Ranch! Open floor plan with formal living and dining room, a large family room, one bedroom and bath downstairs, and 3 up including a large master bdrm with sitting area and extra walk in closet. The gourmet eat in kitchen has been totally remodeled with birch cabinets, granite counters, glass tile backsplash, center Island, pendant lighting, and stainless steel appliances including a double oven! Highly upgraded with neutral paint throughout, tile and wood floors, plantation shutters, window treatments, ceiling fans, updated fixtures, built in granite top desk, + much more. Integra block construction. Inviting sparkling pool, extended pavered patio, large grass area and mature citrus trees in backyard. (more)

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Mountain Park Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k379k

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

Neighborhood: Mountain Park Ranch

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
Kyrene Monte Vista School Primary Regular 557 30 10
Kyrene Altadena Middle School Middle Regular 1,065 52 9
Desert Vista High School High Regular 3,037 130 8

Kyrene Monte Vista School

  • Education Level: Primary
  • # of students: 557
  • # of teachers: 30
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
 

$486,000$594,000$540,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,876
Property Tax -$384
Property Insurance -$82
HOA -$5
Property Management Fees -$99
CASH FLOW
$15

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.

$540,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 3.8%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$148,850

INVESTMENT

$148,850

Down Payment
$135,000
Rehab Estimate
$5,750
Closing Costs
$8,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,876

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $135,000
Loan Amount $405,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$31,226

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
  • $2,659

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,6004$2,7505$2,950
$2,950
RENT COMPS ANALYSIS
  • 2724 E Mountain Sky Avenue Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,799 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2547 E Taxidea Way Phoenix, AZ 2
    • 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,556 Sqft ∙ Built 1988
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
  • 2037 E Indigo Brush Road Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,797 Sqft ∙ Built 1993 3 beds 3 baths ∙ 2,797 Sqft ∙ Built 1993
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.93
    •  
  • 2758 E Windmere Drive Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,997 Sqft ∙ Built 1991
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $0.92
    •  
  • 3359 E Tanglewood Drive Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,820 Sqft ∙ Built 1988
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jim Brown
Precision Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207107
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.

BESbswy