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3022 W Oberlin Way Phoenix, AZ 85083

3 Beds 2 Baths 2,762 sqft Built 2002

$525,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $190.08
  • 4 Days on Market
  • MLS # : 6154625
  • Updated Date : 10/31/2020 at 15:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,762 sqft
  • Baths : 2 full
Listing Agent

My Home Group Real Estate

Listing Agent's Description

This beautiful Mountain View home offers 3 bedrooms 2 bathrooms with master office suite/ (Could be 4th bedroom). 2762 sq ft with a 3-car garage and large driveway. The home screams Open and Resort Style Living. Kitchen has upgraded cabinets, pulled out kitchen island with double oven and stand-alone flat stove top for all of your cooking needs. It also looks to your spacious great room. Beautiful Saltwater Pool in your Resort Style Backyard offers 3 separate Splashing Waterfalls screaming relaxation. Sit on your private patio cozied up to the beautiful outdoor fireplace. Recent updates include A/C unit replaced in 2016, water heater in 2016, reverse osmosis system, exterior painted in 2017, interior painted in 2016/2017, commercial grade sprinkler system completely redone in 2016.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Deer Valley

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2850900950100010501100115012001250130013501400145015001550Rent in $8411567

* 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
Stetson Hills School Primary Regular 1,083 55 9
Stetson Hills School Middle Regular 1,083 55 9
Sandra Day O'connor High School High Regular 2,481 108 6

Stetson Hills School

  • Education Level: Primary
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Stetson Hills School

  • Education Level: Middle
  • # of students: 1,083
  • # of teachers: 55
9
GreatSchools Rating

Sandra Day O'connor High School

  • Education Level: High
  • # of students: 2,481
  • # of teachers: 108
6
GreatSchools Rating
 

$472,500$577,500$525,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,937
Property Tax -$314
Property Insurance -$81
HOA -$17
Property Management Fees -$99
CASH FLOW
-$488

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.

$525,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 6.8%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

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

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$144,875

INVESTMENT

$144,875

Down Payment
$131,250
Rehab Estimate
$5,750
Closing Costs
$7,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,937

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $131,250
Loan Amount $393,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$4,681

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,085

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,749
1$1,7492$1,8753$1,8994$1,9605$2,155
$2,155
RENT COMPS ANALYSIS
  • 3022 W Oberlin Way Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,762 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,762 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.71
    •  
  • 2515 W Desert Vista Trail Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.72
    •  
  • 28318 N 25th Dale Phoenix, AZ 2
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.77
    •  
  • 2531 W Desert Vista Trail Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2006
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.78
    •  
  • 28241 N 33rd Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,874 Sqft ∙ Built 2002
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,155
    • $0.75
    •  
PROPERTY LISTING DETAILS
Chad Saunders
My Home Group Real Estate
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154625
Last Updated: 10/31/2020
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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