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2836 E Sweetwater Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,505 sqft Built 1971

$385,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $255.81
  • 4 Days on Market
  • MLS # : 6162021
  • Updated Date : 11/19/2020 at 19:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,505 sqft
  • Baths : 2 full
Listing Agent

Exp Realty

Listing Agent's Description

Hard to find in this price range. This Paradise Valley Rancher with a pool and large back yard is ready to move in and has had all of the expensive things updated. In 2020 it received New Anderson Windows, New HVAC System, Interior paint, Bathroom updates, Tankless water heater, New electrical panel, and new flooring and appliances in 2017.It will be available and ready to show on Saturday, 11/21/20

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Paradise Valley Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2950100010501100115012001250130013501400145015001550Rent in $9341567

* 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
Larkspur Elementary School Primary Regular 517 34 4
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 34
4
GreatSchools Rating

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,420
Property Tax -$242
Property Insurance -$57
Property Management Fees -$99
CASH FLOW
-$38

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$385,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.24%
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

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$25,274

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,783

    COMP ESTIMATED VALUE
  • $1.19

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,7804$1,8955$1,975
$1,975
RENT COMPS ANALYSIS
  • 2836 E Sweetwater Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,505 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.18
    •  
  • 3033 E Dahlia Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,590 Sqft ∙ Built 1972
    LEASED 04/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
  • 2901 E Willow Avenue Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,565 Sqft ∙ Built 1973
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.13
    •  
  • 3016 E Dahlia Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1972
    LEASED 01/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.23
    •  
  • 12807 N 31st Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1972
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $1.28
    •  
PROPERTY LISTING DETAILS
Steve Valkenaar
Exp Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162021
Last Updated: 11/19/2020
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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