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2934 W Donatello Drive Phoenix, AZ 85086

4 Beds 4 Baths 4,205 sqft Built 2003

$610,000

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $145.07
  • 4 Days on Market
  • MLS # : 6192698
  • Updated Date : 02/12/2021 at 23:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 4,205 sqft
  • Baths : 4 full
Listing Agent

Re/max Fine Properties

Listing Agent's Description

Spacious Highly Sought After Toll Brothers Home on a corner lot in Tramonto. Pictures do not do this home justice. Bring your pickiest clients to this home which features numerous builder upgrades and displays immense pride of ownership and cleanliness. Massive Formal Dining, Living, Family and Bonus Rooms Provide an Abundance of Space for Work, Exercise and Entertainment. In Addition to 4 Large Bedrooms this home features a Downstairs Office/Den and Upstairs Bonus/Game/Movie Theater Space. An abundance of Windows, Can and Accent Lights throughout this home provide a Bright and Uplifting Feeling throughout. Adjacent to Mountains with Hiking Trails and Tramonto Community Amenities. Minutes From Shopping, Restaurants and Freeway Access to Head up North or to nearby Lake Pleasant. Won't Last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: Tramonto

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342141

* 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 High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

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

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$549,000$671,000$610,000

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$2,119
Property Tax -$389
Property Insurance -$109
HOA -$9
Property Management Fees -$99
CASH FLOW
-$175

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.

$610,000

PROJECTED PRICE

$2,550

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.7%
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$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$167,400

INVESTMENT

$167,400

Down Payment
$152,500
Rehab Estimate
$5,750
Closing Costs
$9,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$2,119

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $152,500
Loan Amount $457,500
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$20,873

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
  • $2,649

    COMP ESTIMATED VALUE
  • $0.63

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$2,5003$2,795
$2,795
RENT COMPS ANALYSIS
  • 2934 W Donatello Drive Phoenix, AZ 1
    • 4 beds 4 baths ∙ 4,205 Sqft ∙ Built 2003 4 beds 4 baths ∙ 4,205 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 3022 W Gran Paradiso Drive Phoenix, AZ 2
    • 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003 5 beds 4 baths ∙ 3,963 Sqft ∙ Built 2003
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.63
    •  
  • 33817 N 23rd Drive Phoenix, AZ 3
    • 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004 5 beds 4 baths ∙ 4,464 Sqft ∙ Built 2004
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,795
    • $0.63
    •  
PROPERTY LISTING DETAILS
Antonio Guerrero
Re/max Fine Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6192698
Last Updated: 02/12/2021
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. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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