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3001 W Grandview Road Phoenix, AZ 85053

3 Beds 2 Baths 1,797 sqft Built 1980

$349,000

List Price

$1,360

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $194.21
  • 2 Days on Market
  • MLS # : 6187810
  • Updated Date : 01/30/2021 at 16:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,797 sqft
  • Baths : 2 full
Listing Agent

Homesmart

Listing Agent's Description

Do not miss the opportunity to own this beautiful home, NO HOA, located in the Desirable N Phoenix Rancho Encanto Subdivision. House just got an update with new paint interior/exterior, Large & brand new kitchen with new Quartz counter top, new stainless steel appliance , new cabinets with large molding, New ceramic tile, New AC replaced by previous owner in May 2020, Carpet is fairly new. New epoxy flooring in Garage, New 4.5' baseboard thru out the house, New bathrooms vanity/Quart top & new faucets, new toilets, new blinds, new light fixtures. 4 new sky lights. Large Size Backyard w/Large Storage Shed & Lots Of Potential, Back Gate Leads To Greenbelt. Large Enclosed AZ room with window AC. Two RV gates with extended driveway. EZ access to I17. Buyers to verify information

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Rancho Encanto

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k275k

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

Neighborhood: Rancho Encanto

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
Desert Foothills Junior High School Middle Regular 660 32 6
Greenway High School High Regular 1,474 68 7

Desert Foothills Junior High School

  • Education Level: Middle
  • # of students: 660
  • # of teachers: 32
6
GreatSchools Rating

Greenway High School

  • Education Level: High
  • # of students: 1,474
  • # of teachers: 68
7
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,224$1,496$1,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,360
EXPENSES Loan Payment -$1,212
Property Tax -$208
Property Insurance -$62
Property Management Fees -$99
CASH FLOW
-$222

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.

$349,000

PROJECTED PRICE

$1,360

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 7.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,360

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,321

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,299
1$1,2992$1,3603$1,575
$1,575
RENT COMPS ANALYSIS
  • 3001 W Grandview Road Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,797 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,360
    • $0.76
    •  
  • 3932 W Woodridge Drive Glendale, AZ 1
    • 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,783 Sqft ∙ Built 1979
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.73
    •  
  • 13835 N 34th Avenue Phoenix, AZ 3
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1969
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.74
    •  
PROPERTY LISTING DETAILS
Liem Tran
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6187810
Last Updated: 01/30/2021
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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