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

2922 W Irvine Road Phoenix, AZ 85086

6 Beds 4 Baths 3,264 sqft Built 1998

$749,900

List Price

$2,630

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $229.75
  • 3 Days on Market
  • MLS # : 6164867
  • Updated Date : 11/28/2020 at 16:10
CONSTRUCTION
  • Beds : 6
  • Floor Size : 3,264 sqft
  • Baths : 4 full
Listing Agent

West Usa Realty

Listing Agent's Description

Beautiful custom Territorial/Santa Fe home potential for even multi-generational living with a total of generous-sized 6 bedrooms, and 4 baths. This amazing floor plan consists of 2 main bed/baths, 2 kitchen/living spaces, 2 laundry hookups. This outstanding home has two separate garage spaces, with 1 spacious 3 car and another 2 car garage, and three RV gates, so bring the toys & RV! Spacious open floor plan. The eat-in kitchen has custom cabinets, SS appliances to include a double oven, center island with breakfast bar seating and a walk-in pantry. Ceiling fans throughout. The main bdrm has a full bath with custom shower and walk-in closet. Large bonus room. The backyard has large covered, extended patio, fenced sparkling pool, large lot to create your own oasis. NO HOA!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Sunset Ridge School Primary Regular 972 50 8
Sunset Ridge School Middle Regular 972 50 8
Boulder Creek High School High Regular 2,639 105 6

Sunset Ridge School

  • Education Level: Primary
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Sunset Ridge School

  • Education Level: Middle
  • # of students: 972
  • # of teachers: 50
8
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating
 

$674,910$824,890$749,900

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 -$2,767
Property Tax -$584
Property Insurance -$91
Property Management Fees -$99
CASH FLOW
-$911

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.

$749,900

PROJECTED PRICE

$2,630

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$500k$1.0M$1.5M$2.0M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$204,474

INVESTMENT

$204,474

Down Payment
$187,475
Rehab Estimate
$5,750
Closing Costs
$11,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$2,767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $187,475
Loan Amount $562,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$880

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
  • $2,562

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,3003$2,700
$2,700
RENT COMPS ANALYSIS
  • 2922 W Irvine Road Phoenix, AZ 1
    • 6 beds 4 baths ∙ 3,264 Sqft ∙ Built 1998 6 beds 4 baths ∙ 3,264 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 41052 N Wild West Trail Anthem, AZ 2
    • 5 beds 3 baths ∙ 3,136 Sqft ∙ Built 2001 5 beds 3 baths ∙ 3,136 Sqft ∙ Built 2001
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.73
    •  
  • 40027 N Pride Drive Anthem, AZ 3
    • 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2000 5 beds 3 baths ∙ 3,198 Sqft ∙ Built 2000
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $0.84
    •  
PROPERTY LISTING DETAILS
Daniel P Callender
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6164867
Last Updated: 11/28/2020
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