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3034 E Pontiac Drive Phoenix, AZ 85050

3 Beds 3 Baths 2,177 sqft Built 1999

$439,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $201.65
  • 8 Days on Market
  • MLS # : 6185239
  • Updated Date : 01/31/2021 at 00:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,177 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mccarthy Thielman Realty

Listing Agent's Description

Gorgeous home in high desired area close to 101 freeway. Downstairs features Den (could add a closet to make a bedroom) 1/2 bath, open floorpan with tile t/o, updated kitchen with stainless appliances, granite, granite sink, wood window sills, spacious walk in pantry, island w/built-in freezer, wine cooler, sink and tons of storage. Upstairs features quality grade laminate flooring t/o, huge loft, 2 bedrooms, master bedroom with 2 closets, remodeled master bath solar tube in bathroom to bring in the natural light, custom barn doors in baths and laundry. Backyard features low maintenance landscaping with pavers, covered patio and multiple mature trees.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Paradise Valley Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* 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
Mountain Trail Middle School Middle Regular 714 29 7
Pinnacle High School High Regular 2,443 96 8

Mountain Trail Middle School

  • Education Level: Middle
  • # of students: 714
  • # of teachers: 29
7
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$395,100$482,900$439,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,525
Property Tax -$287
Property Insurance -$70
HOA -$60
Property Management Fees -$99
CASH FLOW
$100

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$439,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,085

INVESTMENT

$122,085

Down Payment
$109,750
Rehab Estimate
$5,750
Closing Costs
$6,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,525

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,750
Loan Amount $329,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$32,769

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,329

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,1003$2,1404$2,3995$2,700
$2,700
RENT COMPS ANALYSIS
  • 3034 E Pontiac Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.98
    •  
  • 2546 E Taro Lane Phoenix, AZ 1
    • 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,106 Sqft ∙ Built 1995
    property image
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.93
    •  
  • 20406 N 30th Street Phoenix, AZ 2
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1992
    property image
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 20710 N 38th Street Phoenix, AZ 4
    • 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,041 Sqft ∙ Built 2000
    property image
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,399
    • $1.18
    •  
  • 3316 E Blackhawk Drive Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,209 Sqft ∙ Built 1996
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.22
    •  
PROPERTY LISTING DETAILS
Brinda S Thielman
Mccarthy Thielman Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6185239
Last Updated: 01/31/2021
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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