Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2910 E Frye Road Phoenix, AZ 85048

3 Beds 3 Baths 2,029 sqft Built 1991

$455,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $224.25
  • 3 Days on Market
  • MLS # : 6154835
  • Updated Date : 11/01/2020 at 22:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,029 sqft
  • Baths : 2 full , 1 half
Listing Agent

My Home Group Real Estate

Listing Agent's Description

Welcome home! This beautiful 3 bed 2.5 bath home has it all, including NO HOA. Fully upgraded with a pool and spectacular views. Owner just remodeled the master bath to create a large shower and tub. If you want to enjoy the view, the master bedroom has a good sized balcony. Sleek looking dark bathroom floors throughout the house, with brand new fixtures and toilets. AC replaced in 2018, pool pump and filter replaced in 2020. 2 car garage with an electric car charger, no maintenance turf in the backyard, brand new sunscreens on ALL of the windows, and access from the backyard directly to the park. Prime location, with easy access to shopping, and the new South Mountain Freeway. Check out the documents section for a list of upgrades. Come and take a look at your dream home!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Canyon Springs

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Canyon Springs

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 De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,679
Property Tax -$324
Property Insurance -$67
Property Management Fees -$99
CASH FLOW
-$318

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.

$455,000

PROJECTED PRICE

$1,850

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,679

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,561

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
  • $1,993

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,9503$1,9954$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 2910 E Frye Road Phoenix, AZ 1
    • 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,029 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16010 S 32nd Place Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 1987
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 2904 E Verbena Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 16635 S 33rd Street Phoenix, AZ 4
    • 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1986 3 beds 3 baths ∙ 2,205 Sqft ∙ Built 1986
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 2917 E Windsong Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,164 Sqft ∙ Built 1995
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.04
    •  
PROPERTY LISTING DETAILS
Zachary L. Blauvelt
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154835
Last Updated: 11/01/2020
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.

BESbswy