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3047 E Captain Dreyfus Avenue Phoenix, AZ 85032

4 Beds 3 Baths 2,160 sqft Built 1999

$485,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $224.54
  • 2 Days on Market
  • MLS # : 6159621
  • Updated Date : 11/14/2020 at 09:38
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,160 sqft
  • Baths : 2 full , 1 half
Listing Agent

Berkshire Hathaway Homeservices Arizona Properties

Listing Agent's Description

Beautiful home in great location! The home offers high vaulted ceilings, spacious eat in kitchen with island, plenty of storage and no carpet. Large back patio great for entertaining. Expansive deck off master bedroom with mountain views. Nice, small community of newer homes in the up and coming North 32nd neighborhood. Get in before it is too late!

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
Larkspur Elementary School Primary Regular 517 34 4
Shea Middle School Middle Regular 641 37 6
Shadow Mountain High School High Regular 1,390 67 3

Larkspur Elementary School

  • Education Level: Primary
  • # of students: 517
  • # of teachers: 34
4
GreatSchools Rating

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
 

$436,500$533,500$485,000

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 -$1,789
Property Tax -$305
Property Insurance -$69
HOA -$30
Property Management Fees -$99
CASH FLOW
-$153

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.

$485,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.44%

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-$5.0k$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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$22,067

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
  • $0.99

    LIST RENT PER SQFT
  • $2,257

    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
  • 3047 E Captain Dreyfus Avenue Phoenix, AZ 3
    • 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,160 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.99
    •  
  • 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
    property image
    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
    property image
    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
    property image
    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
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $1.11
    •  
PROPERTY LISTING DETAILS
Joseph E. Kulak
Berkshire Hathaway Homeservices Arizona Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159621
Last Updated: 11/14/2020
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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