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306 W Adamanda Drive Phoenix, AZ 85086

3 Beds 2 Baths 2,326 sqft Built 2003

$529,000

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $227.43
  • 3 Days on Market
  • MLS # : 6186990
  • Updated Date : 01/30/2021 at 04:59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,326 sqft
  • Baths : 2 full
Listing Agent

Dominion Group Properties

Listing Agent's Description

BEAUTIFUL HOME ON A FLAT & USABLE 1+ACRE LOT IN DESERT HILLS!! Bring your TOYS, RV's and Horses and spread out, You'll enjoy the resort style oversized pool, 3 car garage, RV Gate, 40x12 shade covering for those toys, desirable great room concept with a split floor plan. Master Bdm with doors to patio and 2nd Bathroom with an adjoining bathroom and large walk-in closet making for a perfect guest suite or 2nd Master bdm. 3rd bedroom is currently an office/den with no closet, but one can be easily be added. Also featuring travertine floors in all main areas, spacious kitchen w/granite counters, full length covered patio, citrus trees, and bonus savings with the SOLAR SYSTEM (Solar Lease Agreement), newly coated roof w/warranty, new exterior paint and interior paint all in the last year+

SEE MORE

PRICE & RENT TRENDS

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k371k

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

Neighborhood: New River

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $9342423

* 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
Boulder Creek High School High Regular 2,639 105 6
Boulder Creek High School High Unknown NA

Boulder Creek High School

  • Education Level: High
  • # of students: 2,639
  • # of teachers: 105
6
GreatSchools Rating

Boulder Creek High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$476,100$581,900$529,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,837
Property Tax -$459
Property Insurance -$73
Property Management Fees -$99
CASH FLOW
-$178

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.

$529,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 5.5%
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$1.6M

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$145,935

INVESTMENT

$145,935

Down Payment
$132,250
Rehab Estimate
$5,750
Closing Costs
$7,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,837

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $132,250
Loan Amount $396,750
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$15,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $2,018

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,8003$1,8004$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 306 W Adamanda Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 2,326 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,326 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 39524 N Pinion Hills Court Anthem, AZ 2
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2004
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 1707 W Twain Court Anthem, AZ 3
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 2005
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.83
    •  
  • 2106 W Hemingway Court Anthem, AZ 4
    • 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,120 Sqft ∙ Built 2004
    LEASED 09/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.87
    •  
  • 1027 E Carlise Road Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,006 Sqft ∙ Built 2003
    LEASED 10/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.94
    •  
PROPERTY LISTING DETAILS
Ana M Woods
Dominion Group Properties
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6186990
Last Updated: 01/30/2021
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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