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3125 E Cottonwood Lane Phoenix, AZ 85048

4 Beds 2 Baths 1,961 sqft Built 1991

$410,000

List Price

$1,880

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $209.08
  • 2 Days on Market
  • MLS # : 6153361
  • Updated Date : 11/07/2020 at 16:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,961 sqft
  • Baths : 2 full
Listing Agent

Paramount Management & Realty, Llc

Listing Agent's Description

This is the one you have been looking for! Beautifully updated and very clean 4 bedroom 2 bathroom home in the highly desirable Ahwatukee community. This home features, large granite countertops, plenty of cabinets, a large walk in shower with dual shower heads in the master, tile floors in main areas with gorgeous laminate in bedrooms, 2.5 car garage and a beautiful low maintenance backyard! This home is gorgeous and you will love it the moment you walk in! Walking distance to award winning Desert Vista High School and easy access to the 202 freeway!

SEE MORE

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
 

$369,000$451,000$410,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,513
Property Tax -$292
Property Insurance -$65
HOA -$7
Property Management Fees -$99
CASH FLOW
-$96

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.

$410,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.46%

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$1.2M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,562

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,064

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,875
1$1,8752$1,8803$1,9954$1,9955$2,400
$2,400
RENT COMPS ANALYSIS
  • 3125 E Cottonwood Lane Phoenix, AZ 2
    • 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,961 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.96
    •  
  • 3537 E Verbena Drive Phoenix, AZ 1
    • 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,898 Sqft ∙ Built 1987
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.99
    •  
  • 3233 E Brookwood Court Phoenix, AZ 3
    • 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,963 Sqft ∙ Built 1995
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 2904 E Verbena Drive Phoenix, AZ 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1991
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 16002 S 34th Way Phoenix, AZ 5
    • 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,053 Sqft ∙ Built 1988
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.17
    •  
PROPERTY LISTING DETAILS
Nicole Stringham
Paramount Management & Realty, Llc
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6153361
Last Updated: 11/07/2020
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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