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2827 E Quiet Hollow Lane Phoenix, AZ 85024

5 Beds 3 Baths 2,773 sqft Built 2007

$550,000

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $198.34
  • 6 Days on Market
  • MLS # : 6176945
  • Updated Date : 01/07/2021 at 18:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,773 sqft
  • Baths : 3 full
Listing Agent

Call Realty, Inc.

Listing Agent's Description

Upgraded, hard to find 5 bedroom model in Desert Peak Subdivision. Full bedroom/bathroom downstairs (previously used as an office) and 4 bedrooms and 2 full baths upstairs with view deck off master. Inside designer paint throughout, upgraded cabinets and banister, window coverings, stainless steel appliances and walk-in pantry in kitchen. Granite counters with stone backsplash and rock archway around stovetop. Eat in kitchen and great room with adjoining large formal room/playroom/music room/dining room. Numerous upgrades include heated salt water pool and spa. Pavers on back patio and lining driveway, built in garage cabinets. Fully landscaped front and backyard. Exterior recently repainted. Tenant occupied through March 31st, 2021, contact your Realtor for showing details.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400k450kPrice in $91k481k

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

Neighborhood: Desert Peak

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342452

* 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
Boulder Creek Elementary School Primary Regular 711 37 9
Boulder Creek Elementary School Middle Regular 711 37 9
Pinnacle High School High Regular 2,443 96 8

Boulder Creek Elementary School

  • Education Level: Primary
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Boulder Creek Elementary School

  • Education Level: Middle
  • # of students: 711
  • # of teachers: 37
9
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$495,000$605,000$550,000

PURCHASE PRICE

$2,367$2,893$2,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,630
EXPENSES Loan Payment -$1,910
Property Tax -$346
Property Insurance -$81
HOA -$17
Property Management Fees -$99
CASH FLOW
$176

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.

$550,000

PROJECTED PRICE

$2,630

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 1.8%
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$25k

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$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,910

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $137,500
Loan Amount $412,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$47,303

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,630

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,433

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4953$2,5004$2,5005$2,630
$2,630
RENT COMPS ANALYSIS
  • 2827 E Quiet Hollow Lane Phoenix, AZ 5
    • 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,630
    • $0.95
    •  
  • 2732 E Quiet Hollow Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2007
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 24411 N 27th Street Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2008
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.90
    •  
  • 2405 E Rustling Oaks Lane Phoenix, AZ 3
    • 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,965 Sqft ∙ Built 2007
    property image
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.84
    •  
  • 2850 E Shady Spring Trail Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,650 Sqft ∙ Built 2007
    property image
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
Julie Prendergast
Call Realty, Inc.
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6176945
Last Updated: 01/07/2021
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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