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3016 E Squaw Peak Circle Phoenix, AZ 85016

3 Beds 3 Baths 3,166 sqft Built 1994

$1,200,000

List Price

$4,210

$4K - $4.5K

Rent Est.

PROPERTY INFO

December 23, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $379.03
  • 5 Days on Market
  • MLS # : 6174237
  • Updated Date : 12/25/2020 at 09:22
CONSTRUCTION
  • Beds : 3
  • Floor Size : 3,166 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

As you enter this contemporary 2 story home gaze upon the views of Phoenix Mountain Preserve. Featured are 22 ft. ceilings, large angular windows adding to the charm of this 3 BR home plus office. The corner lot sides and backs to a wash adding extra privacy and nature views. The spacious master suite includes a balcony with views and privacy including a sunlight sensored awning. The backyard has a built-in spa, fountain and gas fireplace. Easy xeriscape landscaping includes mature shade tress and a dog run on the side yard. All of this is located in the very private 24 hour guarded gated community of Biltmore Hillside Villas. Private hiking trails leading to the Phoenix Mountain Preserve and just minutes from shopping, restaurants and airport add to the appeal of the wonderful home

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Biltmore Hillside Villas

NeighborhoodNIR Market*CityMarket2010Year20002019100k200k300k400k500k600k700k800k900kPrice in $91k968k

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

Neighborhood: Biltmore Hillside Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100012001400160018002000220024002600280030003200340036003800Rent in $9343951

* 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
Madison Heights Elementary School Primary Regular 538 30 8
Madison 1 Middle School Middle Regular 923 50 7
Camelback High School High Regular 2,048 110 4

Madison Heights Elementary School

  • Education Level: Primary
  • # of students: 538
  • # of teachers: 30
8
GreatSchools Rating

Madison 1 Middle School

  • Education Level: Middle
  • # of students: 923
  • # of teachers: 50
7
GreatSchools Rating

Camelback High School

  • Education Level: High
  • # of students: 2,048
  • # of teachers: 110
4
GreatSchools Rating
 

$1,080,000$1,320,000$1,200,000

PURCHASE PRICE

$3,789$4,631$4,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,210
EXPENSES Loan Payment -$4,427
Property Tax -$862
Property Insurance -$89
HOA -$149
Property Management Fees -$99
CASH FLOW
-$1,417

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$1,200,000

PROJECTED PRICE

$4,210

PROJECTED RENT

0.35%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.36%
Appreciation Year (1-5) 2.2%
Maintenance Year (1-5) 8.00%
Vacancy 7.72%
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$2.5M

PROJECTED ANNUAL CASH FLOW

11530-$20k-$10k$0.0$10k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$500k$1.0M$1.5M$2.0M$2.5M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$323,750

INVESTMENT

$323,750

Down Payment
$300,000
Rehab Estimate
$5,750
Closing Costs
$18,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$4,427

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $300,000
Loan Amount $900,000
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$1,542

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
  • $4,235

    COMP ESTIMATED VALUE
  • $1.34

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$3,8003$4,2004$4,5005$4,500
$4,500
RENT COMPS ANALYSIS
  • 3016 E Squaw Peak Circle Phoenix, AZ 1
    • 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1994 3 beds 3 baths ∙ 3,166 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 5527 N 25th Street Phoenix, AZ 2
    • 3 beds 3 baths ∙ 2,934 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,934 Sqft ∙ Built 1979
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,800
    • $1.30
    •  
  • 6510 N 27th Street Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,973 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,973 Sqft ∙ Built 1997
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,200
    • $1.41
    •  
  • 6125 N 31st Court Phoenix, AZ 4
    • 3 beds 4 baths ∙ 3,508 Sqft ∙ Built 1996 3 beds 4 baths ∙ 3,508 Sqft ∙ Built 1996
    LEASED 08/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.28
    •  
  • 6413 N 30th Place Phoenix, AZ 5
    • 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995 3 beds 3 baths ∙ 3,316 Sqft ∙ Built 1995
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.36
    •  
PROPERTY LISTING DETAILS
Marcia E Bachrad
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6174237
Last Updated: 12/25/2020
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.

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