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2744 E Dry Creek Road Phoenix, AZ 85048

3 Beds 2 Baths 1,172 sqft Built 1989

$329,900

List Price

$1,440

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $281.48
  • 2 Days on Market
  • MLS # : 6182074
  • Updated Date : 01/16/2021 at 20:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,172 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This is the 3 bedroom, 2 bathroom home in the Mountain Park Ranch community you've been looking for. The front yard has curbside appeal due to the scenic desert landscaping. Inside, the sun-kissed living room will greet guests and homeowners alike. The kitchen is cozy with lots of cabinetry and a sliding glass door that leads to the back yard. Behind the double doors is the comfortable primary bedroom with 2 closets and an archway leading to the ensuite bathroom. The primary bathroom has vaulted ceilings, a double sink, and a combination shower with a deep tub. The expansive backyard has a covered patio and enough room to cultivate the space however one desires. Don't hesitate and check out this home today.

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,296$1,584$1,440

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,440
EXPENSES Loan Payment -$1,146
Property Tax -$235
Property Insurance -$50
HOA -$5
Property Management Fees -$99
CASH FLOW
-$94

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.

$329,900

PROJECTED PRICE

$1,440

PROJECTED RENT

0.44%

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

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$11,415

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
  • $1,509

    COMP ESTIMATED VALUE
  • $1.29

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5503$1,5804$1,6955$1,695
$1,695
RENT COMPS ANALYSIS
  • 2744 E Dry Creek Road Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,172 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 15417 S 38th Street Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,250 Sqft ∙ Built 1988
    property image
    LEASED 01/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.24
    •  
  • 2939 E Amber Ridge Way Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1989
    property image
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $1.23
    •  
  • 2915 E Amber Ridge Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,242 Sqft ∙ Built 1989
    property image
    LEASED 09/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.36
    •  
  • 2914 E Woodland Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,288 Sqft ∙ Built 1990
    property image
    LEASED 10/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.32
    •  
PROPERTY LISTING DETAILS
George Laughton
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6182074
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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