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2732 E Valencia Drive Phoenix, AZ 85042

3 Beds 2 Baths 1,412 sqft Built 1999

$348,500

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $246.81
  • 4 Days on Market
  • MLS # : 6186848
  • Updated Date : 01/29/2021 at 04:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,412 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Welcome home to this beautiful 3bed/2bath home located in the desired Groves at South Mountain community! Fall in love with the open concept floor plan from the moment you enter. The kitchen features gorgeous granite countertops, two tone cabinets, stainless steel appliances, built-in-microwave and pantry for added storage. The primary bedroom offers dual sink vanity with granite countertop, bathtub and large walk-in closet. Additional upgrades include, custom paint, tile flooring throughout with exception of one room, security entry door and ceiling fans. Enjoy the backyard oasis featuring a sparkling pool, covered patio, nicely paved sitting area, synthetic and natural grass and plenty of space perfect for entertaining. Preferred N/S exposure, and across the street from Summers Fruit

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Groves at South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $83k271k

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

Neighborhood: Groves at South Mountain

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900950100010501100115012001250130013501400145015001550Rent in $8621567

* 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
South Mountain High School High Regular 1,706 102 2
Phoenix Coding Academy High Regular NA
Phoenix Coding Academy High Unknown NA

South Mountain High School

  • Education Level: High
  • # of students: 1,706
  • # of teachers: 102
2
GreatSchools Rating

Phoenix Coding Academy

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

Phoenix Coding Academy

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

$313,650$383,350$348,500

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,210
Property Tax -$227
Property Insurance -$55
HOA -$22
Property Management Fees -$99
CASH FLOW
-$133

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.

$348,500

PROJECTED PRICE

$1,480

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 7.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.56%
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$98,103

INVESTMENT

$98,103

Down Payment
$87,125
Rehab Estimate
$5,750
Closing Costs
$5,228

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,210

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,125
Loan Amount $261,375
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,558

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,500

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4803$1,6254$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 2732 E Valencia Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,412 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.05
    •  
  • 2836 E Donner Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,439 Sqft ∙ Built 2006
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.97
    •  
  • 2960 E Darrow Street Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,538 Sqft ∙ Built 2006
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
  • 2631 E Beverly Road Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,585 Sqft ∙ Built 1999
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.07
    •  
  • 2732 E Gary Way Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,528 Sqft ∙ Built 1999
    LEASED 01/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Lucia Hernandez
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186848
Last Updated: 01/29/2021
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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