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3014 E Villa Maria Drive Phoenix, AZ 85032

2 Beds 2 Baths 974 sqft Built 1986

$275,000

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $282.34
  • 2 Days on Market
  • MLS # : 6207087
  • Updated Date : 03/14/2021 at 00:43
CONSTRUCTION
  • Beds : 2
  • Floor Size : 974 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty Of Prescott

Listing Agent's Description

Don't miss out on this beautifully maintained, single family home in the heart of the Phoenix urban village of Paradise Valley! Walking distance to PVCCC, less than 1 mile to the SR 101 and SR 51 transportation corridors. MInutes to Paradise Valley mall and Desert Ridge Marketplace! New roof, interior paint and exterior paint.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Park Side

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $87k271k

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

Neighborhood: Paradise Park Side

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8181567

* 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
Vista Verde Middle School Middle Regular 637 31 4
Paradise Valley High School High Regular 1,806 99 5
Paradise Valley High School High Unknown NA

Vista Verde Middle School

  • Education Level: Middle
  • # of students: 637
  • # of teachers: 31
4
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating

Paradise Valley High School

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

$247,500$302,500$275,000

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$955
Property Tax -$173
Property Insurance -$46
HOA -$1
Property Management Fees -$99
CASH FLOW
-$134

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.

$275,000

PROJECTED PRICE

$1,140

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$7,194

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
  • $1,127

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$8753$9004$1,2505$1,400
$1,400
RENT COMPS ANALYSIS
  • 3014 E Villa Maria Drive Phoenix, AZ 1
    • 2 beds 2 baths ∙ 974 Sqft ∙ Built 1986 2 beds 2 baths ∙ 974 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 18202 N Cave Creek Road #225 Phoenix, AZ 2
    • 2 beds 1 baths ∙ 836 Sqft ∙ Built 1983 2 beds 1 baths ∙ 836 Sqft ∙ Built 1983
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $1.05
    •  
  • 18202 N Cave Creek Road #133 Phoenix, AZ 3
    • 2 beds 2 baths ∙ 836 Sqft ∙ Built 1983 2 beds 2 baths ∙ 836 Sqft ∙ Built 1983
    property image
    LEASED 07/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $1.08
    •  
  • 2437 E Michigan Avenue Phoenix, AZ 4
    • 2 beds 1 baths ∙ 984 Sqft ∙ Built 1982 2 beds 1 baths ∙ 984 Sqft ∙ Built 1982
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.27
    •  
  • 3305 E Siesta Lane Phoenix, AZ 5
    • 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987 2 beds 2 baths ∙ 1,134 Sqft ∙ Built 1987
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.23
    •  
PROPERTY LISTING DETAILS
John Martinez
West Usa Realty Of Prescott
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6207087
Last Updated: 03/14/2021
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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