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3039 W Quail Avenue Phoenix, AZ 85027

3 Beds 2 Baths 1,600 sqft Built 1998

$315,000

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $196.88
  • 3 Days on Market
  • MLS # : 6177512
  • Updated Date : 01/16/2021 at 02:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,600 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

Absolutely Beautiful Original Owner! 3 Bedroom, 2 Bath, Single Level Home Located in Desired Foothills North, Open Kitchen w/Custom Cabinets, Kitchen Island w/Breakfast Bar, Walk-In Pantry, Eat-In Kitchen Dining, Spacious Great Room, Master Bedroom w/Walk-In Closet & Ensuite Master Bathroom, Covered Backyard Patio, Professionally Landscaped Front & Backyard with a Sparkling Pool and 2 Car Garage. Come Professional photos are coming!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Foothills North

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $91k271k

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

Neighborhood: Foothills North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7521567

* 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
Paseo Hills School Primary Regular 959 56 5
Deer Valley Middle School Middle Regular 616 31 5
Barry Goldwater High School High Regular 1,856 88 4

Paseo Hills School

  • Education Level: Primary
  • # of students: 959
  • # of teachers: 56
5
GreatSchools Rating

Deer Valley Middle School

  • Education Level: Middle
  • # of students: 616
  • # of teachers: 31
5
GreatSchools Rating

Barry Goldwater High School

  • Education Level: High
  • # of students: 1,856
  • # of teachers: 88
4
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,094
Property Tax -$190
Property Insurance -$58
Property Management Fees -$99
CASH FLOW
$38

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.

$315,000

PROJECTED PRICE

$1,480

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 8.7%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$22,729

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,636

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4803$1,5504$1,5505$1,750
$1,750
RENT COMPS ANALYSIS
  • 3039 W Quail Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.93
    •  
  • 21649 N 30th Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,443 Sqft ∙ Built 1996
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.96
    •  
  • 3146 W Potter Drive Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,642 Sqft ∙ Built 1987
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.94
    •  
  • 3230 W Ross Avenue Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1988
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 3041 W Horsham Drive Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,600 Sqft ∙ Built 1997
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.09
    •  
PROPERTY LISTING DETAILS
Richard Paul Mazzella
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6177512
Last Updated: 01/16/2021
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. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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