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312 E Joan D Arc Avenue Phoenix, AZ 85022

4 Beds 2 Baths 2,190 sqft Built 1969

$629,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $287.63
  • 2 Days on Market
  • MLS # : 6190570
  • Updated Date : 02/13/2021 at 16:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,190 sqft
  • Baths : 2 full
Listing Agent

Rock Realty & Investments, Llc

Listing Agent's Description

Contemporary meets traditional in this well done remodel. HUGE POOL with NEW PEBBLESHEEN FINISH. Backyard BBQ. White/grey color scheme. Drop ceiling is raised with smooth finish interior walls added. DUAL PANE windows. New Shaker style cabinets with 42'' uppers for extra storage. Stainless steel appliances with AIR FRYER technology range. Gorgeous quartz countertops with glass tile backsplash. 24'' x 30'' tile floors throughout. Stone accents interior and exterior. Master bedroom closet custom storage system. Master split floor plan. Inside laundry/pantry has tons of storage. Ceiling fans throughout. Blinds on most most windows. Preferred North/South exposure. Large garage storage area. This subdivision has a real community feel with great neighbors.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Golden Crest

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $91k377k

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

Neighborhood: Golden Crest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9342121

* 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
Mountain Sky Junior High School Middle Regular 741 35 7
Thunderbird High School High Regular 1,507 63 6

Mountain Sky Junior High School

  • Education Level: Middle
  • # of students: 741
  • # of teachers: 35
7
GreatSchools Rating

Thunderbird High School

  • Education Level: High
  • # of students: 1,507
  • # of teachers: 63
6
GreatSchools Rating
 

$566,910$692,890$629,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$2,188
Property Tax -$376
Property Insurance -$70
HOA -$1
Property Management Fees -$99
CASH FLOW
-$864

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.

$629,900

PROJECTED PRICE

$1,870

PROJECTED RENT

0.30%

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$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530-$15k-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$172,674

INVESTMENT

$172,674

Down Payment
$157,475
Rehab Estimate
$5,750
Closing Costs
$9,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$2,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $157,475
Loan Amount $472,425
See What Happens When You Reinvest Cash Flow

0.17

YEARS SAVED

$104

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
  • $1,987

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,7503$1,7954$1,7955$1,795
$1,795
RENT COMPS ANALYSIS
  • 312 E Joan D Arc Avenue Phoenix, AZ 1
    • 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 1969
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 16 E Willow Avenue Phoenix, AZ 2
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1982
    property image
    LEASED 02/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 230 E Wood Drive Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1979
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.95
    •  
  • 817 W Coral Gables Drive Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,865 Sqft ∙ Built 1978
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 13802 N 11th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,186 Sqft ∙ Built 1985
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.82
    •  
PROPERTY LISTING DETAILS
Rita Phillips
Rock Realty & Investments, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6190570
Last Updated: 02/13/2021
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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