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3046 E Emile Zola Avenue Phoenix, AZ 85032

3 Beds 2 Baths 1,848 sqft Built 1994

$499,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $270.02
  • 4 Days on Market
  • MLS # : 6195880
  • Updated Date : 02/19/2021 at 00:38
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,848 sqft
  • Baths : 2 full
Listing Agent

Dpr Realty Llc

Listing Agent's Description

Beautiful light filled home in a convenient location near SR51 and No HOA! This beauty has 3 bedrooms plus a large office with a closet that can easily be converted into a 4th bedroom. It features a roomy kitchen with granite counter tops and looks into the family room. Neutral and low maintenance tile throughout and has a 3 car garage! The front and backyard have desert landscaping and a gorgeous pergola for those balmy spring days. All this and close to Paradise Valley and Scottsdale shopping.

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
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
 

$449,100$548,900$499,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,733
Property Tax -$314
Property Insurance -$63
Property Management Fees -$99
CASH FLOW
-$320

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.

$499,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.38%

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-$5.0k$0.0$5.0k$10k$15k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$7,350

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,936

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,6953$1,7004$1,7255$1,890
$1,890
RENT COMPS ANALYSIS
  • 3046 E Emile Zola Avenue Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.02
    •  
  • 3042 E Captain Dreyfus Avenue Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,555 Sqft ∙ Built 1999
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 3038 E Captain Dreyfus Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1999
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.09
    •  
  • 3508 E Acoma Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,656 Sqft ∙ Built 1978
    LEASED 12/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.03
    •  
  • 12617 N 34th Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,768 Sqft ∙ Built 1974
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.98
    •  
PROPERTY LISTING DETAILS
Francine G Ahrens
Dpr Realty Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6195880
Last Updated: 02/19/2021
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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