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3122 E Cottonwood Lane Phoenix, AZ 85048

3 Beds 3 Baths 1,563 sqft Built 1991

$349,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $223.86
  • 3 Days on Market
  • MLS # : 6159975
  • Updated Date : 11/14/2020 at 01:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,563 sqft
  • Baths : 2 full , 1 half
Listing Agent

West Usa Realty

Listing Agent's Description

AHWATUKEE-FOOTHILLS VALUE 3 BR 2.5 BATHS, 1563 SQFT HOME AWAITS YOU! THIS HIGH DEMAND MULTI-LEVEL FRESH HOME HAS EASY ACCESS LOCATION-LOCATION-LOCATION*SLAT COVERED 26'x15' PATIO*FAMILY ROOM OPEN TO KITCHEN*VAULTED CEILING, COMBO FORMAL LIVING-DINING ROOMS HAS FAN WITH LIIGHT*UPDATED APPLS*DOUBLE SINK*WHITE COUNTER TOP*PANTRY*MASTER BR WALK-IN CLOSET*DOUBLE VANITY*DOUBLE GARAGE WITH GENIE OPENER*BLOCK FENCE*GREAT SCHOOLS*PUT THIS HOME ON YOUR LIST!**ALL FIGURES & MEASURES & INFORMATION TO BE VERIFIED & APPROVED PRIOR TO COE**

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PRICE & RENT TRENDS

Neighborhood: Lakeside

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k358k

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

Neighborhood: Lakeside

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
Kyrene De La Estrella Elementary School Primary Regular 440 27 8
Kyrene Akimel A-al Middle School Middle Regular 1,064 52 8
Desert Vista High School High Regular 3,037 130 8

Kyrene De La Estrella Elementary School

  • Education Level: Primary
  • # of students: 440
  • # of teachers: 27
8
GreatSchools Rating

Kyrene Akimel A-al Middle School

  • Education Level: Middle
  • # of students: 1,064
  • # of teachers: 52
8
GreatSchools Rating

Desert Vista High School

  • Education Level: High
  • # of students: 3,037
  • # of teachers: 130
8
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,291
Property Tax -$249
Property Insurance -$58
HOA -$6
Property Management Fees -$99
CASH FLOW
$8

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.

$349,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.2%
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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$24,645

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $1.17

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7103$1,8754$1,9005$1,995
$1,995
RENT COMPS ANALYSIS
  • 3122 E Cottonwood Lane Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,563 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.09
    •  
  • 3240 E Silverwood Drive Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,439 Sqft ∙ Built 1987
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.18
    •  
  • 3312 E Brookwood Court Phoenix, AZ 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.13
    •  
  • 3111 E Liberty Lane Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,618 Sqft ∙ Built 1992
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.17
    •  
  • 3229 E Brookwood Court Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.20
    •  
PROPERTY LISTING DETAILS
Hank Osoinach
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6159975
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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