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3043 E Captain Dreyfus Avenue E Phoenix, AZ 85032

3 Beds 3 Baths 2,175 sqft Built 1999

$475,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $218.39
  • 4 Days on Market
  • MLS # : 6189971
  • Updated Date : 02/06/2021 at 16:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,175 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homesmart

Listing Agent's Description

Gorgeous and Immaculate, bring your most fastidious buyers! It is turnkey ready! This home boasts high ceilings and is light, bright and airy!Arizona perfect with SOUTH-FACING backyard a captivating view of pool, jacuzzi and water feature from your covered patio is serene and comfortable with potted plants on drip system and easy care landscaping back and front.The loft inside is perfect for a large office or play room. The Master bedroom is large and the master bathroom has shower, double sinks and walk-in closet customized through-out.Lots of cabinets & another walk-in closet for linens and storage.The kitchen has beautiful slab granite countertops and an island! Lots of wooden cabinets & walk in pantry, open to the large family room. Near the 51. Trane cool split system w/

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Sweetwater Cove

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300kPrice in $91k307k

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

Neighborhood: Sweetwater Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29501000105011001150120012501300135014001450150015501600Rent in $9341628

* 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
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Shea Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 37
6
GreatSchools Rating

Shadow Mountain High School

  • Education Level: High
  • # of students: 1,390
  • # of teachers: 67
3
GreatSchools Rating
 

$427,500$522,500$475,000

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 -$1,650
Property Tax -$299
Property Insurance -$70
HOA -$12
Property Management Fees -$99
CASH FLOW
$10

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.

$475,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.35%
Appreciation Year (1-5) 5.9%
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

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,625

INVESTMENT

$131,625

Down Payment
$118,750
Rehab Estimate
$5,750
Closing Costs
$7,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,750
Loan Amount $356,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,781

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
  • $2,273

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1404$2,2505$2,325
$2,325
RENT COMPS ANALYSIS
  • 3043 E Captain Dreyfus Avenue E Phoenix, AZ 3
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.98
    •  
  • 2916 E Ludlow Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1991
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.93
    •  
  • 3046 E Emile Zola Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 2928 E Ludlow Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,253 Sqft ∙ Built 1992
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.00
    •  
  • 2617 E Captain Dreyfus Avenue Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,102 Sqft ∙ Built 2013
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.11
    •  
PROPERTY LISTING DETAILS
Barbara L Rastello
Homesmart
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6189971
Last Updated: 02/06/2021
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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