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2740 W Cedarwood Lane Phoenix, AZ 85045

4 Beds 4 Baths 3,125 sqft Built 2005

INVESTimate

$420,000

List Price

$2,000

$1,800 - $2,200

Rent Est.

$438,564  ( +4.42%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $134.40
  • 8 Days on Market
  • MLS # : 6119428
  • Updated Date : 08/19/2020 at 04:57
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,125 sqft
  • Baths : 3 full , 1 half
Listing Agent

Denali Real Estate, Llc

Listing Agent's Description

Gorgeous 4 bedroom + Loft, 3.5 bathroom Ahwatukee foothills home. This home has many upgrades including tile flooring throughout the first floor, ceiling fans throughout and upgraded window blinds throughout. Huge living room and family rooms with 20' ceilings. Rare DOUBLE master with one master suite downstairs and one upstairs. Both have large bedrooms, garden tubs, separate showers, double sinks and large walk-in closets. Large kitchen includes granite counter tops, tons of cabinets with separate pantry, large island, side-by-side refrigerator, electric range, stove top microwave and dishwasher. Desert Landscaped front and back yards. Large balcony upstairs and patio downstairs.

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,550
Property Tax -$299
Property Insurance -$88
HOA -$34
Property Management Fees -$99
CASH FLOW
-$70

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.

$420,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.42%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$21,727

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
  • $2,195

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,0953$2,1504$2,1955$2,200
$2,200
RENT COMPS ANALYSIS
  • 2740 W Cedarwood Lane Phoenix, 1
    • 4 beds 4 baths ∙ 3,125 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,125 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16646 S 27th Avenue Phoenix, 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
    •  
  • 16819 S 27th Avenue Phoenix, 3
    • 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,125 Sqft ∙ Built 2004
    LEASED 04/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.69
    •  
  • 16827 S 27th Avenue Phoenix, 4
    • 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,944 Sqft ∙ Built 2004
    LEASED 07/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.75
    •  
  • 2743 W Cottonwood Lane Phoenix, 5
    • 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
    •  
PROPERTY LISTING DETAILS
Michael Van Vleck
Denali Real Estate, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6119428
Last Updated: 08/19/2020
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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