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2736 E Valencia Drive Phoenix, AZ 85042

4 Beds 3 Baths 2,464 sqft Built 1999

$434,444

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $176.32
  • 2 Days on Market
  • MLS # : 6212340
  • Updated Date : 03/27/2021 at 13:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,464 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty One Group

Listing Agent's Description

Great location with mountain views! Nestled between various golf courses, and minutes from dining, The Angel's spring stadium, and downtown Phoenix. This amazing home sits on the largest lot within the Groves at Southern Mountain subdivision! It has 4 spacious bedrooms, (plus office downstairs that could be 5th bedroom), 2.5 bathrooms, vaulted ceilings with natural light through- out the home, formal dining and living space, eat- in kitchen with breakfast bar that opens up to a very generous family room. This is a perfect home for entertaining! Massive backyard and RV gate. Recently upgraded flooring upstairs (2/21). AC units and handlers are new( 6/20). Brand new interior paint! This home has it all, and is ready for you and your family to make it your own! Schedule a showing while it

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 Unknown NA
Phoenix Coding Academy High Regular 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
 

$391,000$477,888$434,444

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,509
Property Tax -$282
Property Insurance -$75
HOA -$22
Property Management Fees -$99
CASH FLOW
$42

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.

$434,444

PROJECTED PRICE

$2,030

PROJECTED RENT

0.47%

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$1.2M$1.4M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$120,878

INVESTMENT

$120,878

Down Payment
$108,611
Rehab Estimate
$5,750
Closing Costs
$6,517

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,611
Loan Amount $325,833
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$28,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,162

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$1,9753$2,0304$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 2736 E Valencia Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,464 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.82
    •  
  • 2639 E Darrel Road Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2000
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.78
    •  
  • 6858 S 19th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,220 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.89
    •  
  • 2111 E Valencia Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000
    LEASED 09/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.90
    •  
  • 2041 E Fawn Drive #0 Phoenix, AZ 5
    • 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,343 Sqft ∙ Built 2000
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.94
    •  
PROPERTY LISTING DETAILS
Olivia R Parker
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6212340
Last Updated: 03/27/2021
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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