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28947 N 64th Drive Phoenix, AZ 85083

3 Beds 2 Baths 2,007 sqft Built 2018

$450,000

List Price

$1,740

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $224.22
  • 3 Days on Market
  • MLS # : 6162943
  • Updated Date : 11/20/2020 at 17:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,007 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Gorgeous, almost new single level home with 3 beds + den in the highly sought after Pyramid Peak location. Gorgeous mountain views with no homes behind in this Pulte home built in 2018. Sellers spared no expense in custom upgrades including commercial grade wood laminate flooring, gas stove, quartz counters, tiled kitchen backsplash with matching accent wall at front entry, stunning super shower in the master, fire pit in the backyard with large paver patio with plenty of room left in the yard to add a pool, extended garage and so much more. Don't delay.....this home won't last long!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Copper Creek Elementary School Primary Regular 716 42 8
Copper Creek Elementary School Middle Regular 716 42 8
Sandra Day O'connor High School High Regular 2,481 108 6

Copper Creek Elementary School

  • Education Level: Primary
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Copper Creek Elementary School

  • Education Level: Middle
  • # of students: 716
  • # of teachers: 42
8
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,566$1,914$1,740

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,740
EXPENSES Loan Payment -$1,660
Property Tax -$269
Property Insurance -$66
HOA -$93
Property Management Fees -$99
CASH FLOW
-$448

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.

$450,000

PROJECTED PRICE

$1,740

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,873

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,740

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,796

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7403$1,7504$1,8005$1,850
$1,850
RENT COMPS ANALYSIS
  • 28947 N 64th Drive Phoenix, AZ 2
    • 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.87
    •  
  • 6826 W Morning Vista Drive Peoria, AZ 1
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.90
    •  
  • 6528 W Eagle Talon Trail Phoenix, AZ 3
    • 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,867 Sqft ∙ Built 2004
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 28422 N 64th Lane Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,091 Sqft ∙ Built 2005
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 29582 N 70th Avenue Peoria, AZ 5
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2008
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
PROPERTY LISTING DETAILS
Shelli R Bronstine
Coldwell Banker Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6162943
Last Updated: 11/20/2020
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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