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3029 S 78th Drive Phoenix, AZ 85043

4 Beds 2 Baths 1,790 sqft Built 2020

$326,990

List Price

$1,210

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

Built 2020 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2020
  • Price/Sqft : $182.68
  • 2 Days on Market
  • MLS # : 6168230
  • Updated Date : 12/05/2020 at 14:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,790 sqft
  • Baths : 2 full
Listing Agent

Drh Properties Inc

Listing Agent's Description

NEW GATED COMMUNITY! Estimated completion April 2021. All homes include our Smart Home System! Energy Star features include Fresh Air Intake, Radiant Barrier Roof, Dual Pane low E Windows, Vinyl window frames. Desert Front Landscaping included with auto timer. This beautiful home was excellently designed with square feet, 4 bedrooms, 2 bathroom, a 2 car garage, and covered backyard patio. The kitchen overlooks both the dining room and the great room. The spacious master bedroom has a beautiful full master bathroom with a walk-in closet. *Pictures and features, and sizes are for illustration purposes only and will vary from the homes as built.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $82k271k

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

Neighborhood: Estrella

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8031567

* 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
Western Valley Elementary School Primary Regular 671 39 3
Western Valley Middle School Middle Regular 795 41 3
Sierra Linda High School High Regular 1,883 72 1

Western Valley Elementary School

  • Education Level: Primary
  • # of students: 671
  • # of teachers: 39
3
GreatSchools Rating

Western Valley Middle School

  • Education Level: Middle
  • # of students: 795
  • # of teachers: 41
3
GreatSchools Rating

Sierra Linda High School

  • Education Level: High
  • # of students: 1,883
  • # of teachers: 72
1
GreatSchools Rating
 

$294,291$359,689$326,990

PURCHASE PRICE

$1,089$1,331$1,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,210
EXPENSES Loan Payment -$1,206
Property Tax -$136
Property Insurance -$62
HOA -$117
Property Management Fees -$99
CASH FLOW
-$411

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 10% of earned rent to cover both maintenance and periods of vacancy.

$326,990

PROJECTED PRICE

$1,210

PROJECTED RENT

0.37%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.32%
Appreciation Year (1-5) 9.4%
Maintenance Year (1-5) 3.00%
Vacancy 6.56%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$88,652

INVESTMENT

$88,652

Down Payment
$81,748
Rehab Estimate
$2,000
Closing Costs
$4,905

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,206

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,748
Loan Amount $245,243
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$430

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
  • $1,504

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,3953$1,5354$1,5495$1,695
$1,695
RENT COMPS ANALYSIS
  • 3029 S 78th Drive Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,790 Sqft ∙ Built 2020
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 7241 W Williams Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,669 Sqft ∙ Built 2005
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 8316 W Hamster Lane Tolleson, AZ 3
    • 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003 3 beds 3 baths ∙ 1,979 Sqft ∙ Built 2003
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,535
    • $0.78
    •  
  • 7639 W Riverside Avenue Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020 4 beds 2 baths ∙ 1,810 Sqft ∙ Built 2020
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.86
    •  
  • 7924 W Williams Street Phoenix, AZ 5
    • 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,921 Sqft ∙ Built 2005
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.88
    •  
PROPERTY LISTING DETAILS
Conner Jack La Pine
Drh Properties Inc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6168230
Last Updated: 12/05/2020
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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